A review of Jacksonville's pension fund uncovers a "significant number of issues".
The city council auditor's office reviewed the policies and procedures of the general employee and corrections officer pension fund as part of the ongoing reform talks.
Read the entire report here.
The audit finds some of the new retirees in 2010 and 2011 were overpaid because benefits were wrongly calculated. The total overpayment was about $16,000.
But the auditor writes that its study was only one year's worth of retirees and it will increase each bi-weekly pension pay period.
Jacksonville's Chief Financial Officer Ronnie Belton tells the Times Union the city will not ask the retired employees to pay back the money that was given to them in error. Belton syas they are taking steps to correct the problems.