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Panel oks bill that makes changes to Fla. pension

April 4, 2014
Associated Press

TALLAHASSEE, Fla. (AP) — Elected officials and top employees in state government would no longer be eligible for the state's traditional pension plan under a bill now advancing in the Florida Legislature.

The House State Affairs Committee voted for the bill on Friday.

The legislation also would automatically place newly hired public employees in an investment 401(k) plan if the employee failed to make a choice within eight months of starting their job.

The bill is a last-ditch effort to pass some type of pension changes this year.

House Speaker Will Weatherford last year wanted to close off the traditional pension plan to new hires but the proposal was opposed by a majority of state senators.

But it's unclear if this scaled-back proposal will pass. Public employee unions and Democrats remain opposed.

 
 

 

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