There is growing support for a state investigation into Jacksonville’s Police and Fire Pension Fund and its deferred retirement option plan (DROP).
At least one state representative and a handful of others, including city council members and a mayor, have called for a state investigation into whether the fund engaged in regulatory violations in its administration of the DROP.
Now the city of Atlantic Beach is considering joining the calls for an investigation.
From the Jacksonville Business Journal:
The Atlantic Beach City Commission may get behind calls for an investigation into the Police and Fire Pension Fund.
Atlantic Beach doesn’t contribute to the pension fund, but does contract with Jacksonville for its firefighting service, according to the Florida Times-Union.
In addition, the Atlantic Beach mayor, Carolyn Woods, has said that her constituents have a stake in the pension fund, as contributors to both Jacksonville and Atlantic Beach.
The city commission backing Adkins’ request would mark the first time a government agency has joined the pursuit.
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