First Alert Weather Alert: Flood Warning expires at 10:04 PM on 4/24, issued at 10:04 PM Blackshear, GA | Bristol, GA | Mershon, GA | Millwood, GA

Pension deal reached between city, police and fire unions

Set Text Size SmallSet Text Size MediumSet Text Size LargeSet Text Size X-Large
Updated: 5/08/2013 6:33 pm
JACKSONVILLE, Fla. -- There is a pension agreement between the City of Jacksonville and the unions for police and firefighters.

Mayor Alvin Brown says the deal would save taxpayers $1.1 billion over thirty years, and $50 million in the next fiscal year.

"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."

The agreement with the Jacksonville Association of Firefighters, the Fraternal Order of Police and Jacksonville Police and Fire Pension Fund, came through mediation, which virtually ended a federal lawsuit.

Current employees will retain benefits but have to contribute more.

There will be a new pension policy for new employees hired on or after October 1, 2013.

The agreement also puts in place new Police and Fire Pension Fund governance guidelines to promote accountability and transparency.

"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."

The two unions waived their rights for collective bargaining.

The agreement goes straight to City Council.

0 Comment(s)
Comments: Show | Hide

Here are the most recent story comments.View All

The views expressed here do not necessarily represent those of Action News Jacksonville

No comments yet!
Inergize Digital This site is hosted and managed by Inergize Digital.
Mobile advertising for this site is available on Local Ad Buy.