Pension Problems
January 10th, 2011 by flanewsIf it ain’t broke then don’t fix it: that’s the message Florida’s largest public labor union is sending Governor Rick Scott.
Scott wants to revamp the state pension fund and force government workers to pay into the plan. The AFL-CIO says Florida’s pension fund is one of the healthiest in the nation, but Scott says there’s trouble around the corner if things aren’t changed. Ray Edmonsdon with the Florida Public Pension Trustees Association says he’s perplexed that anyone wants to change the current system.
“There’s nothing wrong with these systems and to talk about pension reform, they are reforming a system that’s not broken. So I have no idea what’s going on there, but there’s nothing the legislature can do to make these systems any better,” said Edmonsdon.
More than a million Floridians rely on the pension fund for their retirement. There’s more than a hundred billion dollars in the fund.
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