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Author Topic: Pension Announcement? May 8, 2012  (Read 1034 times)

stephendare

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Pension Announcement? May 8, 2012
« on: May 08, 2013, 10:52:07 AM »
Mayor's Office is rumored to be making an announcement regarding the Police and Fire Pension Plan later on today at 1:30
And now abide faith, hope and love; these three, but the greatest of these is love

Noone

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Re: Pension Announcement? May 8, 2012
« Reply #1 on: May 08, 2013, 12:08:22 PM »
We know the position of the Board on convicted child molesters.

stephendare

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Re: Pension Announcement? May 8, 2012
« Reply #2 on: May 08, 2013, 12:14:25 PM »
We know the position of the Board on convicted child molesters.

noone.  this is inappropriate, and we have asked you to knock it off.  These kind of postings are not only out of place, but they do not reflect well either on us or on you.
And now abide faith, hope and love; these three, but the greatest of these is love

thelakelander

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Re: Pension Announcement? May 8, 2012
« Reply #3 on: May 08, 2013, 02:34:24 PM »
Press release.....

MAYOR BROWN, PUBLIC SAFETY EMPLOYEES ANNOUNCE HISTORIC AGREEMENT ON RETIREMENT REFORM

JACKSONVILLE, Fla. Wednesday, May 8, 2013 — Mayor Alvin Brown today announced an agreement on retirement reform with the Jacksonville Association of Firefighters (JAFF), Fraternal Order of Police (FOP), and Jacksonville Police and Fire Pension Fund (JPFPF).
 
The new agreement is projected to save taxpayers approximately $1.1 billion over 30 years, including almost $50 million in the next Fiscal Year alone (10/1/2013 to 9/30/2014). To put those numbers in perspective, the first year savings alone are the same amount of money needed to pay the compensation of approximately 800 city employees. The savings equal the combined budgets of the Jacksonville Public Libraries and the City Planning and Development Department.
 
“I greatly respect our brave public safety employees and the important work they do for our community,” said Mayor Brown. “This agreement is a product of partnership between the City and public safety professionals. Together, we have achieved retirement reform that will help ensure financial sustainability for both taxpayers and employees.”
 
Mayor Brown’s retirement reform agreement with the FOP, JAFF, and JPFPF has three main provisions. First, it will modify retirement benefits for new police and fire employees hired on or after October 1, 2013. Second, current police and fire members of the JPFPF will contribute additional funds to the pension plan but will retain their current benefits. Third, the agreement establishes new Police and Fire Pension Fund governance guidelines to promote accountability and transparency.
 
This retirement reform agreement marks the third occasion on which public safety employees have worked with Mayor Brown and the City of Jacksonville to achieve a positive result for taxpayers and city employees. In 2012, the City ratified new three year contracts with the Fraternal Order of Police and the Jacksonville Association of Firefighters. Those two contracts will combine to save taxpayers nearly $30 million through September 30, 2015.
 
“This retirement reform agreement is even more proof that anything is possible when we work together,” said Mayor Brown. “Once again, we used a spirit of teamwork to accomplish retirement reform that provides financial sustainability for employees and taxpayers.”
 
Summaries of the key provisions of the agreement are attached, along with a side-by-side analysis comparing the current system of retirement benefits with the modified benefits that will be in place for new public safety employees hired on or after October 1, 2013.

tufsu1

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Re: Pension Announcement? May 8, 2012
« Reply #4 on: May 08, 2013, 03:41:40 PM »
^ I bet one of the main reasons iot got done is because Cuba isn't around anymore

Noone

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Re: Pension Announcement? May 8, 2012
« Reply #5 on: May 08, 2013, 09:58:27 PM »
We know the position of the Board on convicted child molesters.

noone.  this is inappropriate, and we have asked you to knock it off.  These kind of postings are not only out of place, but they do not reflect well either on us or on you.

Stephen, there isn't a day that goes by now especially when I think of our tax money paying the pension bennies for a convicted child molester. Are we the only city in the country that allowed this to happen? Our city is loaded with out of control Corruption. Pick your favorite. Dozens to choose from. The FBI in Jacksonville is the greatest economic development anyone could hope for. The Public Trust has just been totally destroyed.

On a side note Waterways in 7 days have somebody else that will be contributing to 2009-442 the Artificial Reef Trust Fund. 6 permitted reefs south of the Fuller Warren. Commissioners of FIND are in Miami this month. This is positive in joining Mayor Brown in making Downtown a Destination and not a pass through.