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Financial News & Daily Record
July 23, 2008
Excerpt: 'It's cause for concern but not for alarm.' That's how John Keane, executive director and administrator of the Police and Fire Pension Fund (PFPF), describes the current underfunding of the pension plan for Jacksonville's public safety employees who are currently enrolled in the fund. As of Sept. 30, 2007 the PFPF was underfunded (liabilities exceeded assets) by $534 million. According to figures provided by the Council Auditor's Office, that means the PFPF is underfunded by 36.5 percent.
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| 2. |
The [Jacksonville FL] Financial News & Daily Record
Nov. 19, 2003
Excerpt: The City fired Putnam Investments Tuesday from its management of two pension funds worth $190 million. The City's finance director said the decision was made after learning that Massachusetts securities regulators are investigating the Boston–based company's top legal officer.
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