Longboat Key firefighters narrowly approved in a 16-14 vote a new employee contract that moves all current and future employees out of the town’s pension system, freezes the existing town pension plan, and moves the employees to the Florida Retirement System (FRS).
The Town of Longboat Key through Manager Dave Bullock made a complete shift from last week’s fire pension negotiation wherein both sides had agreed to a defined contribution model or a straight wage increase. Instead, on Tuesday of this week, the Town Manager returned to the negotiating table and offered the firefighters a pared-down version of a defined benefit plan that would put all employees in the Florida Retirement System and cap the cost and liability to Longboat taxpayers at 13% of payroll.
The Longboat Key firefighters are less than happy to have agreed to a defined contribution pension plan after months of negotiation with Town Manager Dave Bullock. On Friday afternoon, the Manager’s bargaining team and the fire department union agreed to a three-year contract that the Manager will present to the Town Commission for consideration.