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Posts tagged as: pensions

Memo to Florida Legislature: Quit Bashing Public-Employee Pensions

| February 20, 2014

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

| February 12, 2014

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

| December 12, 2013

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.

Partisan Vote Approves 401k Plan for State Workers’ Retirement as Showdown Looms

| February 10, 2013

The measure passed the House Government Operations Subcommittee after a contentious and at times emotional three-and-a-half-hour meeting. The bill would require all employees who begin working for the state on or after Jan. 1 to join a “defined contribution” plan.

Red-Light Cameras’ Legality and Other Florida Supreme Court Cases to Watch in 2013

| December 28, 2012

Leaving behind months of political turbulence, the Florida Supreme Court in 2013 could decide a series of high-profile cases dealing with issues such as Palm Coast’s red-light cameras, the state pension system and medical-malpractice lawsuits.

Florida Now Has a $437 Million Budget Surplus, But 3% Pension Decision Looms

| December 6, 2012

A decision in the case challenging a 2011 law that required employees to contribute 3 percent of their income to their retirement funds could cost the state around $2 billion if the Supreme Court strikes down the law.

Legality of State Workers’ 3% Retirement Tax Now Before Florida Supreme Court

| September 9, 2012

With hundreds of millions of dollars a year hinging on their decision, Florida Supreme Court justices Friday began deliberating about whether to uphold a 2011 law that requires government workers to chip in 3 percent of their pay to the state retirement system.

In a Major Victory for State Workers, Judge Rules 3% Contribution Unconstitutional

| March 6, 2012

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.

Judge Casts Serious Doubt on 3% Pension Contribution by Public Employees

| October 27, 2011

The 3 percent contribution and the end of cost of living adjustments to public employees’ pensions may not be legal; if reversed, the state would see an almost $1 billion hole open up. Local governments would also be affected.

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