Council pension workshop postponed

The Pensacola City Council’s pension workshop, previously scheduled for this Thursday, has been postponed to accommodate the funeral of Pensacola police officer Travis Pitts. City staff is working with Council to pin down a new date and time.

As we all know, the City’s unfunded pension liability has skyrocketed due to mismanagement and market conditions. It’s a serious problem that has to be addressed. Progressive Pensacola doesn’t have the answer. Rick Outzen of the Independent News has suggested that the City pensions funds invest in Pensacola by buying the bonds for the Community Maritime Park.

The workshop’s agenda had already been posted, and there’s a ton of useful data included: