In its Sunday edition, the Pensacola News Journal has a story on how pensions are breaking the city budget.
On April 24, 2008, we wrote about this issue (Feed the Beast). We even led with the example of Police Chief John Mathis – just as Jamie Page does:
When he retires sometime before June 2012, Pensacola Police Chief John Mathis will become the city’s highest paid retiree. The 51-year-old Mathis will collect $10,262 a month or $123,143 a year. That’s more than his annual salary of $110,796 a year.
The issue is real and this city council appears ready to deal with it.
