Welcome to

All the money city and county governments saved making their employees contribute three percent of their salaries to the state pension plan may not be theirs for long.

Governor Rick Scott has expressed interest in recapturing the savings to beef up the state pension fund. The fund is already considered one of the healthiest in the country, but Scott’s wants enough money in the fund to pay all claims at once.

“I think it’s 18 billion dollars we are underfunded. So we’ve got to do something about it. We’ve got to make sure the people who are relying on the pension plan actually have something they can rely on,” said Scott.

Many local governments with employees invested in the pension plan used the money to fill budget gaps. Some gave their employees three percent raises to offset their contributions. If legislation is passed next session all future savings would go into the pension fund.