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Council advances amendments raising benefit caps for general employees and police
Summary
On first readings, council advanced ordinances to raise the annual retirement benefit cap from $100,000 to $110,000 (Oct. 1, 2025) and to $112,000 by Oct. 1, 2027, and to increase the backdrop interest rate; the general employees ordinance includes language to allow purchase of up to three years of prior government or military service.
Jacksonville Beach — The City Council on Sept. 15 adopted first readings for ordinances that would increase the maximum annual benefit cap in the city’s retirement plans and raise the interest rate used to calculate certain benefits.
Deputy City Manager Karen Nelson described two proposed ordinances. The general employees retirement system amendment would increase the annual benefit cap from $100,000 to…
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