Tag: florida retirement system

A.G. GancarskiDecember 8, 2016
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2min217
Jacksonville Mayor Lenny Curry wants new city hires on defined contribution plans. Public safety unions want the Florida Retirement System. And Rick Scott will let the locals figure it out, he said Thursday in Jacksonville. “That’s clearly a local decision. This community will make a decision on that,” the governor said. “I think what’s important with regard […]

A.G. GancarskiNovember 22, 2016
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2min257
In the wake of a contentious negotiation session between the Jacksonville Association of Fire Fighters and city negotiators, Mayor Lenny Curry called a Tuesday afternoon presser to reiterate his team’s negotiating position on Jacksonville’s pensions. Essentially, it boils down to a commitment to 401(k)-styled defined contribution plans for new employees. And it rules out the Florida Retirement System. Curry […]

Jim RosicaOctober 14, 2016
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3min401
State economists on Thursday decreased the Florida Retirement System Pension Fund‘s expected rate of return on investments to 7.6 percent, from 7.65 percent. The Actuarial Assumption Conference had stalemated earlier in the week, with some wanting the rate held at 7.65 percent, and others arguing to go down to 7.5 percent. Don Langston, staff director of the House of Representatives’ […]

Jim RosicaOctober 11, 2016
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3min282
State economists on Tuesday deadlocked over changing the state pension fund’s expected rate of return on investments. The Florida Retirement System Actuarial Assumption Conference will meet again Thursday to see if members can compromise. Christian Weiss, economic policy coordinator for Gov. Rick Scott, argued for keeping the system’s assumed rate of return at 7.65 percent. But Don Langston, staff director […]

Jim RosicaAugust 16, 2016
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3min436
State Sen. Jeremy Ring is lashing out against a government-efficiency task force report that again is recommending the state’s pension system be closed to new hires. Ring released a statement through the Florida Senate Democratic Office Tuesday. He is actually a member of the Task Force on Government Efficiency, having been appointed by outgoing Senate President Andy Gardiner. […]

A.G. GancarskiJuly 18, 2016
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3min247
Bill McClure, a Republican running in Florida’s 4th Congressional District, has messaged heavily during this campaign against both Jacksonville’s referendum to extend a current half-cent tax to address the unfunded pension liability, and against public pensions in general. The latest example of his rhetoric, “When elected to Congress I will decline all congressional pension benefits ... […]

Jim RosicaMay 19, 2016
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1min209
Gov. Rick Scott has appointed a former Leon County Clerk of Courts employee to a state retirement advisory panel. His office announced the pick Wednesday. Tom Napier, 81, of Tallahassee, worked for the clerk’s office as a special coordinator until his retirement in 2000. Napier said he will join the Florida Retirement System’s career service advisory […]

Associated PressFebruary 24, 2016
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1min224
Public employees will get steered away from Florida’s pension plan under a bill approved by the Florida House. The House voted 72-38 for a measure that would automatically place newly hired public employees in an investment 401(k) plan if the employees failed to make a choice within eight months of starting their jobs. The legislation […]

Phil AmmannFebruary 16, 2016

6min322
The Florida Chamber of Commerce Foundation had a story to tell last week about education improvement. Like politicians, they don’t let facts get in the way when making their case. In its new “From Excuses to Excellence” report, the Chamber urges businesses to stick with education reforms that it says have led to “extraordinary accomplishments” […]


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