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Audit of COJ pension program finds serious problems

6:33 AM, Mar 12, 2013   |    comments
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JACKSONVILLE, Fla. -- An independent audit of the City of Jacksonville's pension plan has found multiple, serious problems.

The audit looked at the General Employees and Correction Officers Retirement Plans and looked at 60 new retirees from the 2010-2011 year.  In just that sampling, the audit found that there was an overpayment of thousands of dollars.  According to our news partners at the Florida Times Union, the city says the retirees will not have to pay that money back.

Although in the audit, the pension office says it will ask the Board to seek repayment from one former employee who was overpaid by around $7,000.

The audit found timing problems with retirees getting their first pension check, which resulted in an underpayment of around $4,000.

The audit also suggested taking employees for JEA, Jacksonville Housing Authority and newly hired and existing Clerk of Court employees who perform a state functions off the pension plan.

The logic behind that move is because their salaries are not funded by the city.

The audit places the blame for the problems it found on a lack of management oversight and failures in the city's Information Technology division. According to our news partners at the Florida Times Union, the City of Jacksonville said it has made changes.  Including the removal of two administrators from the fund, pensions administration manger Beth Mangold and pension benefit specialist Judy Connare. After files related to pension office employees "suspiciously disappeared and re-appeared during the audit process".

First Coast News

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