The second cog in a four-part plan to save your tax dollars is running smooth.
The City has announced a tentative pension reform deal with the Jacksonville Supervisory Association, the second general employees union they have reached an agreement with in as many days. Just Monday, a deal was announced between Jacksonville and the American Federation of State, County and Municipal Employees. There are meetings later this week with the remaining two unions, the Laborers international Union of North America and the Communications Workers of America.
If all four unions sign on to proposed changes, the Mayor’s Office estimates it will save nearly $600 million over 30 years.
This proposal modifies benefits for new members while retaining them for existing members who will have to contribute more to the pension plan. You can see a full breakdown of the proposal attached to the left.
This now goes to City Council and JSA membership for a vote.