Mayor Alvin Brown promised earlier this year that he would unveil a retirement reform initiative no later than the end of 2012. Mayor Brown delivered on that promise when the City of Jacksonville negotiating team unveiled his reform proposal for police employees in a collective bargaining meeting with Fraternal Order of Police Lodge 5-30 on Oct. 29. The plan is estimated to save $1.5 billion over 30 years.
One day after he unveiled his retirement reform proposal for police employees in the Police and Fire Pension Plan, Mayor Brown unveiled his reform proposal for certain COJ employees in the General Employees Retirement Plan in a collective bargaining meeting with the American Federation of State County and Municipal Employees.
“Our city employees deserve a retirement system that is sustainable,” said Mayor Brown. “The current system is broken. We have to fix it to respect and protect employees and taxpayers.”