Representative John Tobia (Republican from Melbourne) offered five new amendments to House Bill 1405.  The amendments would bring HB 1405 in line with Governor Scott’s recommendations.  As we read and interpret the changes, they include:

  • ·         Reduces the service credit for future years of service in the Special Risk, Elected Officers, and Judges from 3% to 2%.    Amendment 460885
  • ·         Eliminate the Cost of Living Adjustment for Pensions and the DROP after July.  Amendment 279579
  • ·         Eliminate overtime in the calculation of the Average Final Compensation.  Amendment 696491
  • ·         Raises the Employee contribution up to 5% across the board (it had been reduced to 3% in committee).  Amendment 328909
  • ·         Reiterates the closing of the Pension Plan after July 1, and mandates all new members to the Investment Plan.  Amendment 251959

 

This is very disappointing, as it appeared some headway was being made.  We can only guess that Rep. Tobia is a pawn of the governor, and we plead with all members to bombard Rep. Tobia with phone calls, emails, and letters – and let him know how punitive his actions are to FRS members who have served the public for all of these years.

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  • Anonymous

    Sorry Dispatcher! People will not understand until they do call and DO NOT get an immediate response or police visit. Then they will have even more to complain about. I actually heard a woman on the radio debating using violence with the talk show host. She saying that she would call 911 if someone broke into her house and threatend harm to her and her children…she thought they would be there in a few minutes and disdained the idea of have a gun for protection…yet she could not answer HOW she would protect herself. Ultimately, those of us in the public are NOT prepared to deal with these situations and overworked 911 dispatchers and police cannot always be there when you need them when your life could change in seconds!

  • http://www.floridaretirementsystem.info FRS Options

    Elected Officials are not lumped in with Special Risk. They do get 3% service credit, but all of their other requirements align with Regular members. 30 years or age 62, same vesting, etc. It is a completely special class. As much as FRS members hate to hear it, the retirement benefits promised to legislators, like all other benefits, is an attempt to attract quality employees. Most potential legislators aren’t going to sign up simply for the $28k salary. More importantly, their benefits get cut exactly like yours!

  • http://www.floridaretirementsystem.info FRS Options

    I don’t think anybody denigrated your job or its responsibilities. It just seems an odd time to want additional benefits, when the rest of FRS is fighting to save what they simply have.

  • http://www.floridaretirementsystem.info FRS Options

    If vested and left you pension untouched, you should be able to resume where you left off. If you were not vested, you may be subject to changes. If you took your retirment or rolled it over to a non-FRS plan, it could be a problem.

  • NWF LEO

    Why punish law enforcement and others that put their life at risk? There is little advantage to being in such a job. No money – now fewer benefits… come on, give them a break and let them keep their high risk, or we will only have neighborhood crime watch to protect us because, as the spouse of an LEO- I can tell ya, many will leave or never accept such positions.

  • http://www.floridaretirementsystem.info FRS Options

    It seems like they have preserved the Special Risk benefits, including the option for new hires to remain in the Pension. What are you considering the punishment?

  • http://www.floridaretirementsystem.info FRS Options

    It would seem if you accrue no further vacation time (use it up or sell it back going forward), and carry the past accrual forward, they would count.

  • Yvonne

    What would happen in this example if you didn’t use or sell the accrued 15 hours every month after July 1, 2011?

  • http://www.floridaretirementsystem.info FRS Options

    You would have too many hours and could not use them.

  • Yvonne

    Thanks. I understand that you would have to many hours but would you still get your 500 hours accumulated before July 1 in AFC?

  • http://www.floridaretirementsystem.info FRS Options

    If they pass the legislation allowing you the 500 before July 1, I would think so.

  • Schillingsue

    regarding amendment 279579,Eliminate cost of living raises for pensions. I do not think the state should eliminate cost of living raises. Cost of living continually rises and when we get a raise, Blue Cross Insurance usually takes most or all of it. After serving the state for 33 years, I do not think they should do this to current old agers. We stated faithful to the state (often at lower salaries) because of the retirement package. If the state choses to change the retirement plan for employees currently working, fine. However, for those of us currently retired, I do not think they should change our pension plan and that certainly includes cost of living raises.

  • http://www.floridaretirementsystem.info FRS Options

    I do not believe the COLA for those already retired will, or can be, affected. The amendment you refer to was only for years of service after July of 2011.

  • http://www.floridaretirementsystem.info FRS Options

    Susan, I will leave this comment up long enough for you to read it. While your comments after the first sentence are most likely accurate, for any public employee to imply, infer, threaten, or even hint that a Law Enforcement Office or Fire Fighter would not do their job to the best of their ability, regardless of politics or any other bias is WRONG, and possibly criminal. Law Enforcement and FireFighters have an obligation to protect, even at the risk of their lives, and would certainly have too much pride in their jobs and too much personal integrity to consider anything otherwise. Please do not post such comments on this site.

  • Midrws

     The Governor and his cronies want to water down FRS so that they can get their sticky fingers on the over 80 billion dollars.

  • http://www.floridaretirementsystem.info FRS Options

    As much as members like to think that, the Legislature can’t get its “sticky fingers” on the FRS money. They can, however, make changes so that in the future fewer dollars can go into FRS, and go elsewhere. Currently there is about $125 billion in FRS.3