• HOME :
  • NEWS :
  • MERGING POLICE AND FIRE PENSIONS INTO STATE SYSTEM WOULD BE A COSTLY MISTAKE

Merging police and fire pensions into state system would be a costly mistake

JANUARY 11, 2017 | THE FLORIDA TIMES-UNION

Op-ed by Tom Majdanics, identified at bottom of article as a citizen of Jacksonville, includes “As pension negotiations between the city and public safety unions continue, the unions have claimed that shifting new employees to the state-managed Florida Retirement System would be a fiscally responsible solution for Jacksonville taxpayers. When it comes to Jacksonville’s dysfunctional pension system and its huge unfunded liability, taxpayers have learned that the devil is in the details. After examining the implications of a shift to the Florida Retirement System, city taxpayers should be on high alert….”

VIEW LESS