Posted in Escambia County

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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Posted in Escambia County

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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Posted in Politics

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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Posted in Politics

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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Posted in Politics

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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Posted in Politics

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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Posted in Politics

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…

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Posted in Politics

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…

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Posted in Politics

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…

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