TU: Mayor Alvin Brown promises Jacksonville pension reform, but the 'how' remains elusive

Good luck with that if the city council keeps cutting people's pay to use to buy more land in the sports complex and on "doggy" parks.  Common sense seems to be something council members, save one or two, seem to lose if left in office for 2 terms..................................Let's hope some of these folks don't run for state offices now that they have cast their conservative, common sense principles aside.

 

'It's bankruptcy if nothing is done,' warns a lawyer familiar with the fund.

Dig through the history of Jacksonville civic life, and you can find the warnings going back decades: Something has to be done to the city’s pension system.

Figuring out exactly what that something is appears to be the major focus of Mayor Alvin Brown in coming months as he tries to make changes to a system that now accounts for one of every eight dollars of the city budget.

Jacksonville’s pension situation isn’t as dire as some other places — California and Rhode Island, in particular — but those who have been sounding the alarm keep trying to turn up the volume.

“It’s bankruptcy if nothing is done,” said Jim Rinaman, a lawyer who headed up a committee looking at pensions for the Jacksonville Community Council Inc.

Those warnings have obviously resonated with Brown, who has said since taking office that pension reform is a priority. The mayor won’t go into detail about what changes, exactly, he is considering.

“The administration is conducting a review of the city’s pension plans,” chief of staff Chris Hand said in an email. “Since the results of that review will help to identify the challenges and necessary solutions, it would be premature to discuss options until that review is complete.”


Read more at Jacksonville.com: http://jacksonville.com/news/metro/2012-02-23/story/mayor-alvin-bro...

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