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Fire dept. contract ratified; pension costs capped

Fire dept. contract ratified; pension costs capped

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).

February 24, 2013 | Posted in Major Headlines, Top Box | Read More »

Welcome to the Hotel California Pension plan

Welcome to the Hotel California Pension plan

The Town can check into the state retirement system, but it can never leave and that may ultimately be a good thing.

December 16, 2012 | Posted in Opinion, Stephen Reid, Top Box | Read More »

Pension plan procrastination

Pension plan procrastination

The commission has been kicking the pension plan problem down the road for a couple of years. While I was on the commission we had meeting after meeting about the pension plan. We heard from and listened to many pundits and experts. And we did nothing

February 4, 2011 | Posted in Opinion | Read More »

Pension plan problems—perhaps

Pension plan problems—perhaps

The Town Commission wants to raise taxes this year so that they can boost contributions to the town’s supposedly under-funded pension plans. One supposes that our taxes will continue to be higher in coming years for the same reasons.

September 17, 2010 | Posted in Opinion | Read More »