Jacksonville employees won’t get pensions, but elected leaders will
But even with enactment of that historic change, one small but powerful group of future city employees will still be able to enroll in pension plans.
------
See Also
------
The mayor,
Changing that arrangement with the Florida Retirement System would require an act of the state Legislature, according to the city's
During collective bargaining sessions earlier this year, unions pushed for moving all future city workers into the Florida Retirement System, where participants have a choice between enrolling in pension plans or 401(k) style investment accounts.
But Curry ruled out that option at the start of collective bargaining talks. Unions eventually agreed to labor agreements that say employees hired after
"If it is good enough for the employees of the city of
"For those people, that's a great option and I think they ought to have that," Wyse said.
He said he remains convinced other city employees should likewise have the same flexibility.
"The options they have now are good in the Florida Retirement System, and us not having that option is going to cause some serious, serious issues in the future as it relates to retention and recruitment," Wyse said.
Curry and Sheriff
When Curry took office in
City General Counsel
___
(c)2017 The Florida Times-Union (Jacksonville, Fla.)
Visit The Florida Times-Union (Jacksonville, Fla.) at www.jacksonville.com
Distributed by Tribune Content Agency, LLC.



Premier, UnitedHealthcare reach agreement on major issue
Florida affordable housing funds likely to get shifted
Advisor News
- How smart investments prepare clients for inflation
- Amid slew of corporate tax ideas, Newsom chose one likely to hit people’s premiums
- The biggest risk to your clients’ financial plans isn’t market volatility
- Initiative looks at how caregiving impacts workplace benefits
- Will rising retirement needs spark an annuity boom?
More Advisor NewsAnnuity News
- Globe Life Inc. (NYSE: GL) Records 52-Week High Thursday Morning
- Fortitude Re Completes $500 Million FABN Issuance
- Reframing retirement income for greater certainty
- Jackson Introduces Dow Jones Industrial Average Index Option, Flexible Premiums, Six-Year Rate Guarantee in Latest Registered Index-Linked Annuity Launch
- Senior Market Sales® Fortifies Annuity Reach With Acquisition of Retirement Planning Firm Stratton & Company
More Annuity NewsHealth/Employee Benefits News
- A Brooklyn Health Clinic Offers a Safety Net For New Yorkers That May Lose Insurance
- Politicians, consumers blast health insurers’ requests for double-digit rate hikes. What to know.
- Final rules for Medicaid work requirements are out. Here's what you need to know.
- Final rules for Medicaid work requirements are out. Here's what you need to know.
- Hyde-Smith blasts health care delays
More Health/Employee Benefits NewsLife Insurance News
- AM Best Affirms Issue Credit Ratings of Weston2038 LLC’s Credit-Linked Notes
- Globe Life Inc. (NYSE: GL) Records 52-Week High Thursday Morning
- Greg Lindberg moves to halt $1.65B restitution order, claims he ‘overpaid’
- Fidelity Investments® to Expand Target Date Lineup With Launch of Guaranteed Income Solution
- KBRA Releases Research – Private Credit: Much Ado About Nothing – Perspectives on Columbia Business School Paper About Private Ratings
More Life Insurance News