WUFT News

Lawmakers consider change to pensions for state employees

By on January 25th, 2013

Florida lawmakers are considering a bill to end the state pension plan for new goverment workers and shifting to a 401(k)-style plan.

According to the Sun Sentinel, current employees will not see an affect from the bill but the pension plan for new hires ends as of January 2014. Those employees would stop collecting disability benefits from the pension system and be placed into a 401(k)-type plan.

The bill would affect state and county employees such as teachers, firefighters and those working for the school board, according to the the article.

Doug Martin, legislative director of the American Federation of State, County and Municipal Employees Council (AFSCME) 79, said he is worried the bill might not benefit all employees.

Martin, whose organization represents public employees, said the bill will prevent some workers from having a comfortable retirement.

“What they are proposing is to force all new employees to go into these 401(k)-style plans and then currently employees are required to contribute 3 percent of their salary and the state contributes less than 3 percent right now,” he said. ”They will end up with half or less of retirement that they have now.”

Proponents of the bill, according to the Sun Sentinel, said the change can create a more stable retirement system that will not rely on tax payers.

“Going forward, if they are able to do this then it’s going to very much change,” Martin said. “The ability of the state and other agencies and universities to recruit and retain quality personnel because the state does not need to be an employer of last resorts. It needs to have the best and the brightest.”

Sarah Brand edited this story online.


This entry was posted in Florida and tagged , , , , , , , . Bookmark the permalink.
 

More Stories in Florida

Gov. Scott Announced Funding For Final Phase Of Restoration Projects

Florida Gov. Rick Scott announced funding for the third and largest phase of early restoration projects to combat the Deepwater Horizon (BP) Oil Spill of 2010 on Oct. 7. Although $100 million was allocated to Florida by the Deepwater Horizon [...]


Florida bay scallops typically reach a shell height of three inches and have a life expectancy of one year. They have tiny blue eyes that help detect movement, and they can swim backward by opening and closing the two shells.

Scallop Researchers to Start Underwater Surveying

Now that the harvesting season is over, researchers are starting underwater studies to determine the state of scallop populations at 10 sites along the west coast of Florida.


At the initial hiring event in Orlando, Fla., 55 veterans and military personnel were in attendance. About 150 veterans have applied to work with the Department of Corrections since the initiative was launched on Jun. 26.

DOC Partners with National Guard, Hires Military Personnel

The Florida Department of Corrections partnered with the Florida National Guard to hire veterans and military personnel who are unemployed. These specialty hiring events last all day and are open to all branches in the Florida National Guard and Reserves.


photo

‘Pot Predicament’ Forum Fuels Amendment 2 Debate

A panel of four met to discuss Amendment 2 and medical marijuana at a Tuesday night forum on the University of Florida Campus. Alachua County Sheriff Sadie Darnell and former Florida House Speaker John Mills dominated the forum as they debated each other about legislation language and the need for medical marijuana.


The Ocala City Council repealed the so-called "saggy pants" ordinance at Ocala City Hall on Tuesday evening. The ordinance banned saggy pants on city property.

Ocala City Council Repeals ‘Saggy Pants’ Ordinance

The Ocala City Council voted to repeal an ordinance banning saggy pants on city property. The controversial ordinance met with criticism from the NAACP.


Thank you for your support

WUFT depends on the support of our community — people like you — to help us continue to provide quality programming to North Central Florida.
Become a Sustainer
I want to support FM 89.1/NPR
I want to support Florida's 5/PBS
Donate a Vehicle
Day Sponsorship Payments
Underwriting Payments