Tag: Pensions
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,…
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…
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…
“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…