City Council Committee Passes Pension Reform Plan

A Jacksonville City Council committee approved a pension reform plan Monday morning. The Rules Committee approved the bill, which lays out a 13 year payment plan for the Police and Fire Pension Fund.

Committee president Bill Gulliford says his new plan would allow the city to reap the benefit of reduced financial obligations even before there’s a permanent funding source.

A Jacksonville City Council committee approved a pension reform plan Monday morning. The Rules Committee approved the bill, which lays out a 13 year payment plan for the Police and Fire Pension Fund.

Committee president Bill Gulliford says his new plan would allow the city to reap the benefit of reduced financial obligations even before there’s a permanent funding source.