Jacksonville's Police and Fire Pension Fund remains under 45% funded, despite strong investment returns over the past year. The pension plan closed to new entrants in 2017 as part of a reform effort, is projected to be fully funded by 2056.

JACKSONVILLE, Fla. – After a lawsuit and criticism by the mayor, the former head of the Police and Fire Pension Fund, John Keane, is set to walk away with $250,000. Keane, along with three other pension board employees, had a special retirement fund created in 2000. Keane and Curry have been at odds over the amount of his pension. PREVIOUS STORIES: Deal would allow John Keane to keep 97% of his pension | Mayor orders end to John Keane’s special pension | John Keane demands board pay for full pension, plus damages | City suing to get back pension money paid to former pension chiefFive years ago, News4Jax learned that Keane, as part of that special pension program, could receive $235,000 per year in benefits. In legislation introduced Tuesday to the Jacksonville City Council, it calls for the $250,000 settlement for Keane, and he will also receive his original pension.