Yearly savings of $57 million on Jacksonville’s unfunded pension liability could be realized within a few years if the half-cent sales tax referendum passes, according to the new Milliman actuarial study, commissioned by the City of Jacksonville. The summary notes some of the talking points that have surfaced of late, pointing out that “rather than the […]
The key to understanding how Jacksonville’s current pension tax proposal will retire the unfunded liability rests in understanding the concept of “deferred contribution” outlined in the projections for the use of the extension of the Better Jacksonville Plan to pay off the unfunded pension liability. Jacksonville Mayor Lenny Curry is not prone to exaggeration. When […]
Health plans that have been participating in the mandatory Medicaid managed-care program unfurled in Florida a little more than one year ago will be getting some pay increases in the coming months. A draft copy of the new rates shows that for the non-elderly population plans will, on average, have a 6.4 percent increase in rates […]
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