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Police and Fire Employees
General Employees
Retirement Reform Task Force
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Police and Fire Employees
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Police and Fire Employees
On May 8, 2013, Mayor Alvin Brown announced an agreement on retirement reform with the Jacksonville Association of Firefighters (JAFF), Fraternal Order of Police (FOP), and Jacksonville Police and Fire Pension Fund (JPFPF).
The agreement is projected to save taxpayers approximately $1.1 billion over 30 years, including almost $50 million in the next Fiscal Year alone (Oct. 1, 2013 to Sept. 30, 2014). To put those numbers in perspective, the first year savings alone are the same amount of money needed to pay the compensation of approximately 800 city employees. The savings equal the combined budgets of the Jacksonville Public Libraries and the City Planning and Development Department.
“I greatly respect our brave public safety employees and the important work they do for our community,” said Mayor Brown. “This agreement is a product of partnership between the City and public safety professionals. Together, we have achieved retirement reform that will help ensure financial sustainability for both taxpayers and employees.”
Read More
RESOURCES
News Release: Mayor Brown, Public Safety Employees Announce Historic Agreement on Retirement Reform
May 8, 2013 (.pdf)
Mayor Alvin Brown's Remarks
May 8, 2013 (.pdf)
Video: News Conference
, May 8, 2013
Side-By-Side Comparison: Police & Fire Employees in the PFPF
(.pdf)
Summary: Employee Contributions & Future Savings Opportunities
(.pdf)
Summary: PFPF Governance
(.pdf)
Ordinance 2013-366
(.pdf)
Actuarial Analysis of Retirement Reform Agreement
(.pdf)
Presentation: Council Finance Committee, June 27, 2013
(.pdf)
Video: Finance Committee Meeting, June 27, 2013
News Release: Mayor Creates Retirement Reform Task Force
(.pdf)
Bios of Retirement Reform Task Force members
(.pdf)
Audio: July 3, 2013, media conference call regarding Retirement Reform Task Force (.mp3)
Audio: (Part 2) July 3, 2013, media conference call regarding Retirement Reform Task Force (.mp3)
Email from Mayor Brown: What financial experts are saying
(.pdf) July 19, 2013
Fitch Ratings Report
, July 9, 2013 (.pdf)
Standard & Poor's Report
, July 11, 2013 (.pdf)
Moody's Report
, July 12, 2013 (.pdf)