am extremely concerned with what is happening in Tallahassee regarding
education. Dangerous legislation is in the process of being passed by our state
reconstruct the Florida Retirement System. This reconstruction would not only
discourage our best and brightest graduates from going into education and other
important public occupations, but it would harm hard-working taxpayers and
those who are already participating in the Florida Retirement System.
System and force new employees into a 401(k) style retirement plan. Legislators
are attempting to fix something that is not broken.
this bill is passed, the base of future teachers and other public workers
needed to fund the system will be depleted because the new teachers will be
putting their retirement money into a private account. Where will the money
come from to fund those who worked for 30 plus years making contributions to a
plan that was promised as part of their contract?
more to their retirement plans, which were negotiated as part of the
compensation in their contract.
Retirement System when the math is clear that it is not a responsible decision?
Eventually, legislators argue that it will save taxpayers money because the
state won’t have to pay into the retirement system at the current rate.
Instead, participants will depend on the market to gain interest, but what
happens when the market suffers a correction and it is a public employee’s turn
to retire after a dedicated career?
are funded by taxpayers. It is very simple, people pay into the Florida
Retirement System, the state matches contributions as part of the public
employees’ contract, the money is invested in conservative bonds and funds, and
people get the money they have been counting on after working a long career.
is another attempt at taking short cuts to try to balance the state budget.
Many argue, why should public employees get a pension plan when other workers
have to fund their own retirement?
should be viewed as part of a public employee’s salary, which in Florida, for
teachers, is around $10,000 less than in other states. Second, teachers and
many other dedicated workers, with equal or sometimes superior credentials,
make much less than those in the private sector.
401(k). My father has always preached, “You get what you pay for.”
public service jobs when short cuts like the one in House Bill 7011 are taken
at the expense of public employees?
Tell them that House Bill 7011 is an irresponsible bill. It is vital to
teachers and other public employees that these representatives hear from you as
soon as possible. This bill is in danger of being passed in this current
legislative session. The quality of education your children receive will be
greatly impacted by this bill.
Florida Pension Fund, long considered one of the best in the nation and not
currently needing any changes Vice President of the FEA Joanne
McCall pointed out the changes to the teaching profession that Florida
has made over the last few years.
teachers have no expectation of continuing employment, no due process and a
performance-based pay system that is not funded and based on bad or irrelevant
data. Now they want changes to the pension system that guarantee
retirement insecurity. These proposals make it more difficult to recruit
and retain high-quality teachers.”
TALLAHASSEE — A bill that would allow school employees to carry weapons on campus won the support of the House education subcommittee on Wednesday.