Posted in Escambia County

Others see Pension Crisis

   March 23, 2009

John Charles Thomas, director of Policy and Political Affairs for the Florida League of Cities, wrote a viewpoint for the Tampa Tribune, “Pension Crisis is Looming for Cities.”

The trouble stems from a series of laws and other measures that have significantly increased pension benefits for police officers and firefighters and transferred more and more future costs onto city property taxpayers. These unsustainable pension policies for police officers and firefighters threaten to put Florida’s cities on a road to ruin, setting the stage for financial emergencies and 1970s-style fiscal crises.

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