Mayor Alvin Brown announced Tuesday that a tentative agreement had been made on retirement reform with the American Federation of State, County and Municipal Employees union.
AFSCME represents around 2,000 employees who serve in clerical, technical and administrative positions.
"Our general employees perform important work for our community," said Brown. "Working together with AFSCME, we have achieved retirement reform that will help ensure financial sustainability for both taxpayers and employees."
If the new retirement agreement is applied to employees in four different unions, the total savings would be about $600 million over 30 years.
The City will meet with three general employee unions, Jacksonville Supervisors Association (JSA), Laborers International Union of North America (LIUNA), and the Communications Workers of America (CWA), later this week to discuss the retirement reform.
The contract is planned to save taxpayers about $1.3 million annually, which means close to $4 million will be saved over the next three years.