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
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 […]
Florida Now Has a $437 Million Budget Surplus, But 3% Pension Decision Looms
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
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.
Judge Casts Serious Doubt on 3% Pension Contribution by Public Employees
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.
As Florida Teachers’ Salaries Stagnate or Fall, Superintendent Pay Is Rising
In nine Florida school districts, superintendent salaries increased by 5 percent or more in the last four years. It had gone up 3 percent in Flagler before this year’s pay cut, making it a wash.
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.
Firefighter Hero-Worship and Floridians’ Hypocrisy: When Public Employees Save Lives
Flagler County and Florida residents are falling in heaps with praise for the same public and union employees they and the lawmakers they elected just finished bashing, insulting, demeaning and robbing. The disconnect is sickening.
Corporate Tax Cut Out, Privatizing Prisons and 3% Public Pension Contributions In
As the Legislature’s 2011 session veers uncertainly toward its final days, lawmakers struck deals Saturday on privatizing prisons and compromising over public employees’ pension contributions, but no deal yet on health care and education cuts.
School Employees Facing Steep Increases in Health Insurance Costs, Further Eroding Pay
Premiums are rising by up to 37 percent for many of the 1,337 school district employees who seek health coverage, particularly for those with family coverage. Employees also face another pay cut next year if retirement contributions are expected of them.
School Board Member Salaries By County, 2010-2011
Complete list of Florida school board members’ salaries, county by county, as set by state law. Salaries are set by population–or according to the starting pay of a teacher, whichever is less.
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.
Florida Pension Redo: Rank and File Would Contribute 2%, Management and Elected 4%
Gov. Rick Scott is backing a proposal that would have all county, school and state workers contributed 5 Percent of their pay to the state pension system. A new proposal would bump that down to a maximum of 4 percent.
Palm Coast City Manager Jim Landon’s Compensation Package: $218,296 a Year
Jim Landon’s base salary of $168,878 is higher than the total compensation package of the school superintendent, who manages five times as many employees and is responsible for 13,000 students.