Curry revealed the plan Tuesday in a collective bargaining session with the Jacksonville Supervisors Association, the Florida New-Times reports.

“Guaranteed pensions are not what a majority of the people of Jacksonville have,” according to the mayor.  “Legacy plans are not sustainable, and frankly they are dinosaurs.”

Jacksonville currently has $2.85 billion in pension debt.

In an Aug. 30 referendum, 65 percent of Duval County voters approved a new sales tax to pay down the debt.  Under the state law authorizing the referendum, the city must close one of its three existing pension programs — for police and firefighters, for general employees, or for corrections officers — to new hires before it can collect the new tax. The law also requires employees to increase their personal contribution to their pension from 8 percent to 10 percent of pay. … read more at: http://watchdog.org/280680/jacksonville-mayor-proposes-ending-pensions-new-hires/