Pensions - Rick's Blog

“Why we are firefighters”

This comment was posted elsewhere on the blog. I think it deserves more attention: After the pension workshop I had a few thoughts I felt…

A year later PNJ writes on pensions

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…

Elebash costs fire pension $3 million

I’m not serious, but that would be how Elebash, Fairchild and others would be spinning the losses of the City Fire Pension, if Quint Studer…

Others see Pension Crisis

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…

PNJ article another indicator of great divide

There is a great divide between local government employees and the public they serve. Sunday’s article on the city compensation in the News Journal shows…

Oops, city pensions lost another $40M

At its committee meetings last week, City Finance Director Dick Barker told the Pensacola City Council that the city pension funds have lost about another…

Public pensions are a national issue

Bloomberg.com reports: Public pensions in the U.S. had total liabilities of $2.9 trillion as of Dec. 16, according to the Center for Retirement Research at…

BTW: DROP program cost $2 mil

As per the City of Pensacola’s CAFR: the Deferred Retirement Option Program (DROP) cost us $1,957,764 in 2008.

Nobles: no pension panic

While researching for my Outtakes column, I ran across this quote from then-Councilman Jack Nobles from August 2005: “Let’s reward employees and be fair to…

Pension Tsunami

My posts on the City of Pensacola pensions caught the attention of the Pension watchdog blog, PensionTsunami.com. The author writes, “The purpose of this site…

City unfunded pension liability is up 80 percent

According to the City of Pensacola’s comprehensive financial reports, the unfunded liability for the pension funds is much greater than it was in 1998: General…

City pensions lose $38.8 million

The City of Pensacola has posted its comprehensive financial reports on its website. The Stock Market collapse has significantly hurt the city pension plans: Investment…

Holley is part of double dipping wave

Escambia County tax collector, Janet Holley, retired this month. She will take office again in January. The St. Pete Times reports that Holley is part…

State pension fund plummets

St. Pete Times reports that in the last 13 months, the state pension plan lost more than a quarter of its value, or $37.9-billion. It…

Tag: Pensions