Posted in News

Pratt tackles pensions and benefits

   May 26, 2009

Pensacola City Councilwoman Megan Pratt has posted on her website her recommendations for city pensions and benefits. She has reviewed the plans from Gulf Power, Baskerville-Donovan, O’Sullivan Creel, Escambia County, and others to see how we can get the city benefit/pension packages in line with the major employers in the private sector.

She has come up with these recommendations:
1. Enact the Life Annuity Normal Form (choose whether spouse is part of pension calculation)
2. Adopt 5-year averaging for pensions (as opposed to current 3 year averaging)
3. Cap leave accrual/payout to 12 weeks
4. Make no further changes to pensions and benefits during this council’s term.

Read her post.

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