This is it, Call your legislators!

This is the last week for the Florida Legislature. It is extremely important not to be lax this week and let the politicians sneak in some last minute bargain and cut your benefits.

This is the last week for the Florida Legislature.  It is extremely important not to be lax this week and let the politicians sneak in some last minute bargain and cut your benefits.  There are still some 30 bills (2010 Legislation affecting FRS) still on the table that could be acted on.  If all 650,000 FRS participants inundate the representatives and senators it will have a positive result.   Please review the Crist SB6 Veto article, where Governor Crist stated the 100,000 calls and letters he received from you were instrumental in his actions!

Don’t forget how quickly the house approved HB 5701 to cut your Health Insurance Subsidy!  It would not be good to wake up Sunday morning to discover a late night session on Saturday ended with  cuts to  your benefits! Check out the Last minute dealmaking in Tallahassee! Deals are being cut right and left this week.  Make sure your representatives and senators know how you feel!

All FRS Legislation put on HOLD?

Last week Senator Mike Bennett, Chair of the Senate Community Affairs Committee (and sponsor of SB 1902.) mentioned in committee “that all of the retirement bills will be rolled into a study for over the summer.” This would … tentatively put the retirement benefits bills on hold, most likely until the next session of the Florida legislature

Last week Senator Mike Bennett, Chair of the Senate Community Affairs Committee (and sponsor of SB 1902.) mentioned in committee “that all of the retirement bills will be rolled into a study for over the summer.”  This would include the most adverse, HB 1319 and HB 1543, in addition to SB 1902 and SB 2022, and tentatively put the retirement benefits bills on hold, most likely until the next session of the Florida legislature. We will try to get verification on this as soon as possible.

It is my understanding the legislators were so overwhelmed with calls from YOU, and there was such an outpouring of concern, that the decision was made to table all bills relating to retirement benefits until after a special study could be done over the summer to determine the best route to take.  This is not a victory! It most likely means the committee will meet a consensus of what changes to make to your benefits, and it will then be easier to pass the bills in the next session of the legislature.

I would again remind everyone of the 125 page report from the Florida Tax Watch group.  You may recall this group consisted of many powerful members of the Florida Legislature (Previous discussion at FRSOptions).  It would be a mistake to believe that the summer study will not propose cuts to your benefits, and it would not be coincidental if the final version corresponds to the Tax Watch proposal.

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