Saturday, April 5, 2014

Republicans have new plan on Florida Retirement Pensions


Beginning in July 2015, everyone hired in the elected officer or senior manager category could join only the state’s 401(k)-styled investment program, not the traditional pension. Currently, there are only about 10,000 people in the retirement system in these categories.

Read about it...

It's a start to break away from the traditional pension ($144 billion) and formulate a new approach considered as a  “modernization” of the state retirement system.

No comments: