What will the Pensacola City Council do about pensions? City Manager Al Coby has recommended a study of wages and benefits. Price tag $25K. Will it accomplish anything except maintain status quo?
Councilwoman Megan Pratt offered to pension plan changes that she believes will save $2 million a year:
1) End the policy of letting employees take the best two pay years of the past five to compute their pension checks. Pratt claims that some employees rack up overtime hours close to retirement to boost their pensions.
2) Reconsider spousal benefits. Should a widow or widower continue to collect pension benefits after the employee dies?
Read more on Pratt’s recommendations.
Pensacola Promise: Councilwoman Maren DeWeese has been working hard on presentation today about her college scholarship proposal (Read IN cover). She will need five votes to get her idea of forming a task force on the agenda for Thursday night.