Pensions: Single Biggest Financial Problem for Jacksonville

JACKSONVILLE, Fla. -- Action News has obtained the latest report from the City, which shows how pension costs are quickly rising.

Click here to read the full story.

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Comments
commonSENSE - 7/30/2012 2:37 PM
1 Vote
Besides the poor grammar this article is full of incorrect reporting. Pension contacts are negotiated with the pension board, not the individual unions. Additionally the current pension contract between fire/police and the city bears a remarkably similarity to the reporting of MJD's contract with the Jags. Most bloggers support upholding the contract and fining MJD for not showing up. They change direction and support amending the pension plan even when the city has comitted to a contract that runs through 2030. Finally it's ludacris to report that the city contributes 82% of every dollar paid to a city employee to a pension. This city wouldn't be in this crisis if the past council and mayors did not dip into the reserve pension funds to the tune of $300M thirteen years ago. City politicians and elected officials made their bed, now they don't want to lay in it. Shame on them. #reportfacts

osprey1 - 7/29/2012 9:15 PM
0 Votes
This is a great story, the sheriff says services will have to be cut if they don't get the amount of pay they want, sounds like the problem is past officers that retired have already got the raise. Don't blame your union screw up on the taxpayers, if you want to help the sheriff make cuts, get out your cameras and phones and every time you see an officer not doing there job, take there picture and send them to the sheriff. He can pick from the pictures who to cut.

1country - 7/29/2012 1:31 PM
1 Vote
all these city people getting huge pensions and some getting two and this government can't figure out why pensions have gone out of control.

imtellin - 7/29/2012 6:50 AM
0 Votes
when my cousin Vinny does it, they call it a ponzi scheme,, when government does it, they call it pensions ??? fact is, in order to keep it going you need to keep adding new investors !!! when that stops, it implodes,, just like pensions !!! guess what folks,, pensions are going to be cut & worse stopped entirely !!! the courts will rule, there is no way i can be taxed due to promises made to you,,, by some slick politician long dead now...anyone with 1/2 a brain would have understood 30 or more years ago it was nothing more than a ponzi scheme !!!
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