Lege Trend: 2 Changes a Legislature Made to Local Pension Reform Bill

Lessons to learn from Florida as it grapples with a bill to reform Jacksonville’s public pension system:

• Conservative legislatures don’t like giving local pensions flexibility on administrative fees. Even 2% of a pension tax revenue was too much. 
• The new sales tax authority to clean up the local pension needed a firm date. Month, date, year is required. 

Florida Times Union | With slight changes, Curry’s pension-reform bill moves ahead in Senate committee

Previously on informedintel: Lege Trend: A SE State Legislature Tries to Act on a Local Pension. 3 Points to Know.