Dueling Pension Studies to be Sorted Out
January 11th, 2011 by Mike VasilindaThis week dueling reports painted both a rosy and bleak picture for Florida’s public employee pension fund. Getting to the truth is the subject of a committee hearing on Wednesday in the State Senate. Senator Jeremy Ring says it is time to put campaign promises aside and get to the truth.
“We want it fact based, the rhetoric that’s out there, I call it campaign rhetoric, and the reality is that you have to look at those buckets. You have to look at defined contributions. You have to look at employees contributing, you have to look at vesting periods and multipliers, So everything is on the table, but actually putting the numbers behind it, that has to be fact based.”
Florida’s pension fund has been recognized nationally as one of the four best in the country.
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