Prichard cuts checks to release retirement money for fmr. employees

PRICHARD, Ala. (WALA) – When word spread that Prichard was cutting checks to release retirement money for former employees, the line started forming quickly.

FOX10 News spoke with three former workers who said they liked working in Prichard.

However…

“It was more economical and better for my family to go back into cabinet work than being a police officer,” said Matthew Banks, a former police officer.

“The first responders have to work multiple jobs to make ends meet, so I had to leave Prichard,” said Matt Lunceford, another former police officer.

“The pay, the job security, it’s not there at all,” said Cody Carraway, former Prichard employee.

Prichard sought bankruptcy protection twice. It’s pension fund ran out of money in 2009.

That’s when it stopped sending monthly checks to retired workers – violating state law, which required it to pay its promised benefits in full.

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