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Council member wants to accelerate pension payments

JUNE 6, 2017 | NEWS4 JAX (FLORIDA)

By Jim Piggott, includes "... A Jacksonville City Council member wants the city to think of the pension deficit like a credit card: The sooner it's paid it off, the less you pay in interest. Changes to the Police and Fire Pension Fund and other city pension plans push future employees into 401k plans to keep the deficit from growing larger, but interest on the debt continues to grow until the balance is paid. ..."

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