BRADENTON, Fla. – A task force appointed by Jacksonville, Fla. Mayor Alvin Brown won’t use up to $1 billion of pension obligation bonds to help alleviate the city’s $1.68 billion of unfunded police and fire obligations.

Pension bonds were among recommendations consultants made to the 17-member Jacksonville Retirement Reform Task Force, along with changing to a 401(k)-style retirement plan for police and firefighters.

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