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Staff reports shortfall in Chapter 175 offset from City of Jacksonville under interlocal agreement
Summary
Pension staff reported a shortfall in Chapter 175 offset contributions that, under an interlocal agreement, Jacksonville was to provide; staff said the matter will be handled with the city and reflected in actuarial reports.
Pension staff told trustees they received a letter identifying a shortfall in Chapter 175 offset payments that, under a prior interlocal agreement, the City of Jacksonville agreed to provide to offset the Jacksonville Beach plan’s required contribution. Staff said the shortfall will be reflected in actuarial reports and that city staff expect the matter to be corrected.
Acco…
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