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Jacksonville pension fund could lead to bankruptcy

JACKSONVILLE, Fla. -- A 50-page report obtained by Action News details a dire financial picture for Jacksonville if the Police and Fire Pension isn't addressed.

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Dolphynfire - 11/12/2013 12:31 PM
0 Votes
Shame on you for reporting such lies! The City of Jacksonville is on a witch hunt to get their greedy hands on the Police and Fire Pension fund come hook or crook, and you report it without bothering to obtain the TRUE facts from the actual Pension Board. They took a pension holiday for 9 years (they did not pay their pension obligation for 9 years!), and now they are trying to avoid having to meet their obiligations. The firefighters and police officers contributed every pay day into their pension, as per our contract, but the city did not! The city needs to stop spending money on worthless score boards and wasting tax payer dollars on hiring independent agencies that will agree with whatever greedy agenda they have and pay their obligation. Your police and fire are not the enemy, your greedy elected officials are!

CaptA60 - 11/12/2013 12:24 PM
1 Vote
This is crazy you don't have the money to pay those who retire keeping our city safe but city council wants to go in the hole for a 20 million dollar Score board at Ever Bank Field seems like you don't have your priorities in order: If Shad wants a billion dollar score board let him pay for it: The Police and Fire Dept put their lives in danger to keep people safe, they deserve what they worked for: The Football players are already getting the million dollar salaries: Seems like Jacksonville, Fla have been getting pointers from our Government in Washington, D.C. on how to spend someone else's money. Remember you are not above the law either: Wow city don't have their head straight willing to spend millions of dollars and take out a loan for a football team but to those who risk their lives every day to keep everyone safe and yo u are not will to help them, something is wrong with this picture

Realchange - 11/12/2013 12:33 AM
1 Vote
Put a hiring freeze in place for police and fire fighters. That will keep pension costs down. Use more automation where possible. DO NOT reduce their pensions. I am often critical of police corruption of late. That does not mean that if police officer keeps their noses clean for 20 to 25 years that they should not have good retirement. They risk their lives daily. Police department is probably to big at present. The reason I say this red light cameras going up everywhere to try and bring in more tickets. To shore up the pension fund maybe pass a temporary 1 cents extra sales tax for 3 to 4 years. Do not make it permanent and use the money generated to shore up the pension fund.

therev - 11/11/2013 11:16 PM
1 Vote
Welcome to the Detroit of the South, Jacksonville, FL. There is no money but you have all that money for a stupid swimming pool and large screen TV's for the stupid football team, and several hundreds of thousands to change the name of a high school. All that money could be used for better things. I have told my friend and family to stop or buy anything in Jacksonville until thay get there money prob;lems under control and the sherrif department have the funding nessesary to stop the crime in Duval.
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