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Pension task force suggests a restart

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Updated: 8/21/2013 9:05 pm
JACKSONVILLE, Fla. (WOKV) -- Just weeks after Jacksonville's City Council said the city needed to start over on pension negotiations, a special task force designed to look into the pension problem wants to start over as well.

More than $150 million in tax money will pay for police, fire and general employee pensions next budget year.

The mayor, unions and the Police and Fire Pension Fund came up with a deal they said would have saved more than one billion dollars in the long run, but council voted it down.

The Retirement Reform Task Force spent three hours Wednesday hearing from different parties at the bargaining table, and from someone who worked on pension reform in Atlanta, to see what similarities can be drawn.

Overall, the panel agreed it wants to hear from more representatives from the bargaining table. Big questions, like the timeline for a new plan, remain unanswered.
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