Mayor: Deal with city workers' union will save $600 million
JACKSONVILLE, Fla. -- Mayor Alvin Brown says a new deal will save taxpayers $600 million.
Tuesday, Brown and leaders with Local 1279 announced an agreement on retirement reform for the city's 2,000 union members. This move is separate from negotiations between the city and the unions representing police officers and firefighters.
The agreement modifies retirement benefits for those hired after October. Current employees get to keep their current benefits but, they will have to contribute more to their pension.
The City Council and union members must approve the deal. City workers could vote on the move at at a meeting next month. The savings would be spread out across 30 years.
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