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Fort Walton Beach Council agenda — 02-28-12 regular — reading text
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Contract Services Impact on Police Pension Plan
City
Police Pension Plan future liability for non -vested members would be eliminated.
o City would need to consider the impact on non -vested police officers, especially
those with over five years of service.
City would be in a position to use the budget savings to bring the pension plan up to a
fully funded level and stabilize contributions. As demonstrated by this table, pension
trends do not look favorable