November 29, 2014
Jacksonville's $1.65-billion hole

Photo: Bruce Lipsky/Florida Times-Union

Mayor Alvin Brown's plan to fund the city's pension liability would reduce pension benefits for new hires.

Northeast Florida roundup

Jacksonville's $1.65-billion hole

Ron Word | 8/28/2014

With an unfunded pension liability that’s one of the largest created by any municipal government, Jacksonville faces a long-term fight to bring its benefit costs under control. A plan crafted by Mayor Alvin Brown’s administration and negotiators for Jacksonville’s police and firefighters unions would reduce pension benefits for new hires and require police and firefighters to contribute 8% of their pay to the pension fund, up from 7%.

Also mentioned in this regional roundup, newsmakers and key players including Southwest Airlines, Jet Blue, Silver Airways, Jacksonville University, Wells Fargo Center, Everbank Field, Poma Glass & Specialty Windows, Nathan B. Forrest High School, Gainesville Regional Airport, the University of Florida, Community Hospice of Northeast Florida, Courtyard by Marriott, ACCORD Civil Rights Museum and a profile of Eco Relics.

Want to read the whole article?
Existing Subscribers Access Article Here

Purchase and download this issue of Florida Trend. Or for an even better deal — opt for a one year SUBSCRIPTION in the format you prefer. When you pay now, you'll receive a complimentary copy of this issue in digital format, PLUS a FREE gift!

Check your preferred option:

This issue of Florida Trend in DIGITAL (available immediately): $4.95  
This issue of Florida Trend in PRINT: $4.95 plus $3 postage and handling
One year DIGITAL SUBSCRIPTION $14.98* plus a FREE gift!
One year PRINT SUBSCRIPTION $14.98* plus a FREE gift!
One year ALL ACCESS SUBSCRIPTION: (combo Print + Digital) $24.95* Best Deal!
* offer valid for new subscribers only
 

If you are already a print subscriber, add access to our Digital Edition to your subscription online, or call our office at 727-892-2643.

If you already subscribe to Florida Trend's digital edition, click here to access this story, immediately (or login to your digital account, here).

Tags: Northeast, Government/Politics & Law

Digital Access

DIRECT DIGITAL ACCESS
Add digital to your current subscription, purchase a single ditgital issue, or start a new subscription to Florida Trend.

TABLE OF CONTENTS
An overview of the features and articles in this month's issue of Florida Trend.

ACCESS THIS ISSUE »

Florida Business News

Florida Trend Video Pick

What your doctor won’t disclose
What your doctor won’t disclose

Wouldn’t you want to know if your doctor was a paid spokesman for a drug company? Or held personal beliefs incompatible with the treatment you want? Right now, in the US at least, your doctor simply doesn’t have to tell you about that. 

Earlier Videos | Viewpoints@FloridaTrend

Ballot Box

What's your favorite thing about the Thanksgiving break?

  • Spending time with family & friends
  • Shopping & deals
  • Eating!!
  • Watching sports
  • What break? I'm busy working!

See Results

Ballot Box
Subscribe