Tag: Pensions
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…
