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

Cassidy, an 18-month-old Lab/American Bulldog mix who was part of Academy 14 and his inmate trainer.

Paws On Parole Looking To Continue Perfect Adoption Rate

The Alachua County Animal Services and Florida Department of Corrections Work Camp is working together with this year’s “Hairy Pawter” dog academy to prepare a new group of house-trained dogs for homes.


A wild hog mills around outside the runway enclosure of Williston Municipal Airport. The hogs often explore around a water source by the neighboring rock quarry, Barry said.

Hog Infestation Halts Historic Airport Runway

A hog infestation at Williston Municipal Airport’s grass runway is causing delays in the approval of the runway by the Federal Aviation Administration.


Photos of the "Incredible Flying Cars," made by ITEC.

The Men Behind the Flying Car That Crashed in Marion County

A flying car crashed on Tuesday in Marion County after going on an orientation flight. Two passengers suffered minor injuries but are currently safe.


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.


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