JACKSONVILLE, Fla. - Day Two of negotiations for the city's pension problem was underway Thursday.
Mayor Alvin Brown and the head of the city's Police and Fire Pension Fund sat across the table trying to iron out an agreement that could help solve the city's $1.7 billion pension mess.
They're getting issues out of the way that they could easily come to terms on, knowing that there will be problems when they start negotiating the benefits for current employees, which could require them to pay more into the system.
"We had to contribute $77 million to the Police and Fire Pension Fund," Brown said. "If nothing is done this July, I will have to write a check for $154 million to the Police and Fire Pension Fund. The current plan is not sustainable, so that is the goal, to solve that problem. So that's how you protect the taxpayers and be fair to the city employees."
These talks are set to go through the month with four meetings slated for next week.
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