Pratt tackles pensions and benefits

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,…

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Big day for City Council

What will the Pensacola City Council do about pensions? City Manager Al Coby has recommended a study of wages and benefits. Price tag $25K. Will…

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Another city study for $25K

Pensacola City Manager Al Coby is recommending to the city council a $25,000 comparative study of the city’s compensation, benefits and pension plans. The city…

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“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…

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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…

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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…

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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…

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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…

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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…

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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…

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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.

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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…

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