Flagler Beach officials were perplexed and angered by County Commission Chairman Nate McLaughlin’s apparent interference in their city manager’s–and their city’s–business at a time when county and city are trying to work out difficult issues.
florida retirement system
Memo to Florida Legislature: Quit Bashing Public-Employee Pensions
A determined cohort of elected officials in our Legislature is trying to turn working and retired people against each other, to better the odds of a dangerous bill becoming destructive law. If ever there were a legislative wolf disguised in sheep’s clothing of “fiscal responsibility,” this would be that perpetually hungry beast, argues Daniel Tilson.
State Employees Would Be Shifted to 401(k)-Like Plans, Ending Florida Retirement System for Almost All
The Senate proposal dramatically overhauling the pension plans for many future public employees sets off a highly anticipated election-year fight between unions and Republican legislative leaders. Only firefighters and cops would be allowed to stay in FRS.
Police and Firefighters’ Unions Troubled by Plan to Give Local Governments Freer Hand in Pensions
A Senate committee pushed forward Wednesday with a bill that would overhaul how local governments fund pensions for police officers and firefighters, hoping that a different political climate in 2014 will allow the legislation to succeed after it died in the House during the spring legislative session.
FRS RIP: Public Employees Hired After 2013 Would Be Shifted to 401(k)-Like Plan
A Florida House committee unveiled a proposal Thursday that would shift all future state employees to a defined contribution, 401(k)-style retirement plan that would gradually spell the end of the Florida Retirement System.
Public Employees Lose as Florida Supreme Court Upholds 3% Pension Dip
Last Updated: 12:55 p.m. The Florida Supreme Court, in a much-anticipated but very divided 4-3 ruling, today sided with the Legislature, and against public employees, by upholding a 2011 law that requires all public employees to contribute 3 percent of their pay to the Florida Retirement System, a pension fund. In a majority opinion by […]
Incoming House Speaker Will Weatherford Wants 401(k) Plans to Replace State Pensions
Calling the current pension system “old and archaic,” incoming House Speaker Will Weatherford said Tuesday he wants to revamp the state retirement program for new employees and make it more like the private sector.
In a Major Victory for State Workers, Judge Rules 3% Contribution Unconstitutional
The ruling is major victory for 560,000 state workers, including, cops, firefighters, teachers and other school employees, but it again digs a $2 billion hole for the state budget.
Public Employees Retire in Droves as Florida Pension System Narrows Incentives to Work
About 10,100 people chose to enter retirement or exited the state’s deferred retirement plan ahead of new laws kicking in on July 1, an increase of more than 900 people from the same time last year.
Adding to Mounting Legal Challenges for Scott, Public Employees Sue Over 3% Pension Hit
The class-action lawsuit is filed on behalf of 556,296 public employees, including state workers, teachers and police officers. It echoes frustrations that led the Flagler County School Board to talk lawsuit last week.
From 5% to 2%: Retreat from Extra Pension Contributions; All Salaries Below $40K Exempt
A Senate committee backed off considerably from a proposal to require state workers to make 5% contributions to their pension fund, exempting most state workers, and cutting back the amount others would have to chip in.
Cops Recoil Over Florida Pension Reforms; Deferred Retirement (DROP) Slated to End
Senate plans introduced Wednesday would replace traditional state pension plans with 401(k)-style systems, and would end the deferred retirement option plan known as DROP.
