Escambia County Politics

City Pension solution

December 1, 2009

If Consolidation is recommended by the commission and that plan includes merging Energy Services of Pensacola into a utility authority, then ESP shouldn’t be given. Instead, it should be sold to the new authority. All proceeds go to fund the unfunded pension balances for the city general, police and fire pension funds. Those funds then are completely shutdown and city employees are moved over to the state retirement system when they are hired by the new consolidated government.

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