Daily Record Financial News &
Thursday, March 26, 2015
Vol. 102, No. 094 • One Section
35¢
www.jaxdailyrecord.com
Tie votes kill pension reform
Mayor’s chief of staff calls vote ‘absolute insult’ By David Chapman Staff Writer The first sign of real trouble reared its head a couple of hours into the discussion. City Council members for weeks had hardened their stances when it came to the length of pension reform. Some thought 10 years, others three when it came to when they
could again impose benefits for current members with fewer than 20 years on the job. Council member Lori Boyer has been in the three-year camp, yet offered a compromise: Keep it at 10 years. But if projections on the city’s contribution and paying down unfunded liability ended up out of whack by 10 percent or more, council gets to revisit the issue.
Nine members agreed, nine didn’t. Tie vote. It failed. Another amendment, this one striking reference to the muchbeleaguered senior staff voluntary plan only a few associated with the Police and Fire Pension Fund enjoy. Keeping it in would codify something that has been deemed illegal, said council member Bill Gulliford. Nine members agreed, nine
didn’t. Tie vote. It failed. With those two key issues unchanged, the writing was on the wall. The pension reform deal Mayor Alvin Brown had pitched, the one he said saves taxpayers $1.3 billion over 30 years was in real danger. Those requiring some compromise to issue their seal of approval never received it. Those liking the bill as it was, kept it the
way it was. All that was left was a vote. Nine members agreed, nine didn’t. Tie vote. Pension reform failed. Chris Hand, Brown’s chief of staff, shortly after the defeat called the nine members’ decision against the bill was an “absolute insult” to taxpayers and public safety personnel. Pension... Continued
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Chisholm leaving for dream opportunity St. Vincent’s CEO joining Intermountain By Marilyn Young Editor
Photos courtesy of St. Vincent’s HealthCare
Packing meals to help families in need St. Vincent’s HealthCare associates spent time Wednesday preparing 25,000 meals for the poor and vulnerable. They were prepared at all three medical centers and were done in partnership with Hunger Fight, a local charity that reduces the number of hungry children and families in the area. Feeding thousands in the community is part of St. Vincent’s mission, said Tracie Loftus, system vice president of mission integration.
Law firm leases 41st floor at BofA
Lawyer Daniel Nunn and his team will have the highest tenant view in Jacksonville come July. Nunn is managing partner of Nelson Mullins Riley & Scarborough, which will be moving to the 41st floor of the 42-story Bank of America Tower at 50 N. Laura St., the city’s tallest building. The firm will lease the entire floor of about 13,700 square feet in the Downtown high-rise. Nunn said the firm will move from about 10,000 square feet that it subleases on the 28th floor. The relocation date is July 12. Nelson Mullins Riley & Scarborough has 10 lawyers, one associate and four staff
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positions in Jacksonville. It plans to grow to about 20 lawyers in the next 18 months to two years, Nunn said. The Skyline Dining and Conference Center recently closed its café on the 42nd floor. The conference center remains in operation.
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“They talked to us about leasing the 42nd floor and we hope that if we get into a position to expand, we would do that,” Nunn said. Nelson Mullins is based in Columbia, S.C. It was established in 1897 and has more than 500 attorneys and other professionals with offices in Florida, Georgia, Massachusetts, North Carolina, South Carolina, Tennessee, West Virginia and the District of Columbia. Its attorneys practice in a range of areas including corporate, financial services, government relations, real estate, litigation, insurance, taxation and more. Mathis... Continued on Page A-2
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A wonderful job. Irreplaceable friends. A favorite burrito joint. That’s part of the life Moody Chisholm has built in Jacksonville since coming here in 2010 to be president and CEO of St. Vincent’s HealthCare. His reach has extended deep into the community, through his work as a member of the JAX Chamber board of directors, the Jacksonville Civic Council and the mayor’s port task force. But then came an opportunity to join what he said both 2012 presidential candidates called a model health care system that should be emulated across the country. After much prayer and thought, Chisholm knew he couldn’t pass it up. He resigned this month from the Jacksonville hospital to become a top execu- Chisholm tive for Intermountain Healthcare in Salt Lake City, Utah. Chisholm, 55, will lead the system’s largest hospital — Intermountain Medical Center — and also serve as regional vice president of the company’s central region. The move reunites him with Laura Kaiser, who hired him for the St. Vincent’s job when she was an executive with Ascension Health. The Intermountain opportunity, Chisholm said, is one he could never duplicate. “The team I will work with make our system the best in the world,” he said. A system that will focus on offering the highest quality and most affordable healthcare system in the world, he said. But leaving the staff and board at St. Vincent’s is incredibly difficult. Chisholm... Continued on Page A-4
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