Search Results for: jacksonville

Auditors: Jacksonville Pension Officials May Be Skirting Payout Rules

Auditors and watchdog groups are asking questions about the “questionable benefits” of some members of the Jacksonville Police and Fire Pension Fund. This comes in the wake of a Florida Times-Union investigation that claimed some of the system’s top officials, and active members, were breaking city rules by participating in the Deferred Retirement Option Program … Continue reading Auditors: Jacksonville Pension Officials May Be Skirting Payout Rules

Jacksonville Shelves Controversial Pension Appointment Bill

video platformvideo managementvideo solutionsvideo player   The Jacksonville City Council unanimously agreed yesterday night to shelve a proposal that could have given the Mayor the power to appoint a member to the city’s Police and Fire Pension Fund board. Reported by the Florida Times-Union: A wall-to-wall crowd of police and firefighters only had to wait … Continue reading Jacksonville Shelves Controversial Pension Appointment Bill

Task force to Jacksonville: raise taxes to save pensions

When it comes to funding its pension system, Jacksonville doesn’t have the best track record. In fact, it has just about the worst: only Chicago and Philadelphia run pension funds that are unhealthier than Jacksonville’s. With that in mind, the city put together a task force to recommend ways to improve the solvency of its … Continue reading Task force to Jacksonville: raise taxes to save pensions

Florida Supreme Court Sides With Newspaper In Dispute Over Closed-Door Pension Negotiations

The Florida Supreme Court on Wednesday sided with a state newspaper, settling a years-long dispute over whether Jacksonville and it’s pension fund skirted public meetings laws when it negotiated pension benefits in private meetings. The Florida-Times Union originally sued the city in 2013, alleging that the city violated the state’s Sunshine Law when it collectively … Continue reading Florida Supreme Court Sides With Newspaper In Dispute Over Closed-Door Pension Negotiations

CalPERS Board at Odds With Maverick Member

Reporter Ed Mendel covered the California Capitol in Sacramento for nearly three decades, most recently for the San Diego Union-Tribune. More stories are at Calpensions.com. As one of 13 CalPERS board members, J.J. Jelincic presumably has some authority. But last June and July, he filed Public Records Act requests to force CalPERS to give him … Continue reading CalPERS Board at Odds With Maverick Member

Florida Lawmaker Turns to Legislature for Pension Audit

Florida Gov. Rick Scott recently shot down calls by state Rep. Janet Adkins and others for an investigation into Jacksonville’s Police and Fire Pension Fund. Scott said the issue was a local matter and should be handled locally. But Rep. Adkins is now asking her colleagues in the state legislature to help her investigate the … Continue reading Florida Lawmaker Turns to Legislature for Pension Audit

Florida to 19 Local Pension Plans: Fix Funding Issues Now

Nineteen of Florida’s most underfunded local pension plans received “call to action” letters from the state Tuesday, calling for the systems to immediately begin formulating a plan to deal with their funding issues. From the Florida Times-Union: The 19 pension plans all are less than 50 percent funded, prompting the terse letter from the Department … Continue reading Florida to 19 Local Pension Plans: Fix Funding Issues Now

Dispute Over Closed-Door Pension Meetings Could Go to Florida Supreme Court

Did pension officials violate Florida’s Sunshine Law when they held negotiations with unions behind closed doors? Yes, according to the 1st District Court of Appeal. But the Florida Supreme Court may soon get its chance to weigh in. From the Jacksonville Daily Record: A Jacksonville municipal pension fund has asked the Florida Supreme Court to … Continue reading Dispute Over Closed-Door Pension Meetings Could Go to Florida Supreme Court

Pension Board to Cast Final Vote on Florida Reforms

The board of Jacksonville’s Police and Fire Pension Fund will vote Monday on a pension reform measure that would improve its funding status but also affect member benefits. The measure was passed by the City Council in early December. More from the Jacksonville Business Journal: The final status of the pension reform package, which calls … Continue reading Pension Board to Cast Final Vote on Florida Reforms

Florida Pension Changes May Unravel As Board Debates Reforms

The Jacksonville City Council and Mayor Alvin Brown spent most of the summer months debating and constructing a pension reform measure that aimed to improve the funding of the city’s Police and Fire Pension Fund. The Council approved the measure earlier this month. Now, the measure sits in front of the Police and Fire Pension … Continue reading Florida Pension Changes May Unravel As Board Debates Reforms


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