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 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
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.