Pension numbers increase budget pressure
State analysts agreed Thursday to lower the expected rate of return on Florida’s $154 billion pension fund, which will put more pressure on lawmakers as they craft a new state budget.
State analysts agreed Thursday to lower the expected rate of return on Florida’s $154 billion pension fund, which will put more pressure on lawmakers as they craft a new state budget.
With no discussion, Gov. Rick Scott and members of the Florida Cabinet Wednesday approved a policy to forbid any investments
Gov. Rick Scott is looking to give Florida corrections officers a pay raise, including $38 million for the state’s prison
State economists on Thursday decreased the Florida Retirement System Pension Fund‘s expected rate of return on investments to 7.6 percent, from 7.65 percent.
State economists on Thursday decreased the Florida Retirement System Pension Fund‘s expected rate of return on investments to 7.6 percent, from 7.65 percent. The Actuarial Assumption Conference had stalemated earlier in the week, with some wanting the rate held at 7.65 percent, and others arguing to go down to 7.5 percent. Don Langston, staff director of the House of Representatives’ Finance & Tax Committee, agreed with the move, though not without some trepidation. “Unless something radical changes … to turn the long-term (economic) outlook around,…
State analysts agreed Thursday to lower the expected rate of return on Florida’s $154 billion pension fund, which will put more pressure
With no discussion, Gov. Rick Scott and members of the Florida Cabinet Wednesday approved a policy to forbid any investments
State economists on Tuesday deadlocked over changing the state pension fund’s expected rate of return on investments. The Florida Retirement System Actuarial
State economists on Tuesday deadlocked over changing the state pension fund’s expected rate of return on investments. The Florida Retirement System Actuarial Assumption Conference will meet again Thursday to see if members can compromise. Christian Weiss, economic policy coordinator for Gov. Rick Scott, argued for keeping the system’s assumed rate of return at 7.65 percent. But Don Langston, staff director of the House of Representatives’ Finance & Tax Committee, and Amy Baker, head of the state Office of Economic and Demographic Research, argued for lowering…
State analysts agreed Thursday to lower the expected rate of return on Florida’s $154 billion pension fund, which will put more pressure
With no discussion, Gov. Rick Scott and members of the Florida Cabinet Wednesday approved a policy to forbid any investments
State economists on Thursday decreased the Florida Retirement System Pension Fund‘s expected rate of return on investments to 7.6 percent, from 7.65 percent.
Public employees will get steered away from Florida’s pension plan under a bill approved by the Florida House. The House voted 72-38 for a measure that would automatically place newly hired public employees in an investment 401(k) plan if the employees failed to make a choice within eight months of starting their jobs. The legislation would apply to all new employees hired in July 2017 or after. For several years, House Republicans have tried to make changes to the Florida…
State analysts agreed Thursday to lower the expected rate of return on Florida’s $154 billion pension fund, which will put more pressure
Major policy committees will be first up when the House starts holding committee meetings in September to prepare for the
Dan Raulerson is resigning from the Florida House. The Tampa Bay Times reported Tuesday that the Plant City Republican has
The Republican-led Florida Legislature kicked off its annual session Tuesday with the usual pomp, but the celebratory nature was overshadowed by lingering questions about the state budget, tax cuts and health care. The two GOP legislators in charge opened the session by stressing areas on which they plan to work in tandem over the next 60 days. That included dealing with the state’s standardized testing system. But Senate President Andy Gardiner and House Speaker Steve Crisafulli struck decidedly different tones…
Raises will be provided to 16 upper-level and mid-level employees of Enterprise Florida, as the state’s business-recruitment agency does away
Future Senate President Wilton Simpson brought in more than $200,000 through his political committee last month, and forked over half
State analysts agreed Thursday to lower the expected rate of return on Florida’s $154 billion pension fund, which will put more pressure
Senate President Andy Gardiner spoke with reporters for about 10 minutes Tuesday after the Senate adjourned its first session of the 2015 legislative session. The discussion highlighted the differences separating the House and Senate as they begin writing a state budget and addressing other priorities. While the Senate is focused on prison reform, providing access to health care for the uninsured and new regulations for greyhound racing, the House priorities include a gambling initiative, water policy and changes to the…
Future Senate President Wilton Simpson brought in more than $200,000 through his political committee last month, and forked over half
State analysts agreed Thursday to lower the expected rate of return on Florida’s $154 billion pension fund, which will put more pressure
O.J. Simpson won’t return to Florida if Pam Bondi has any sway over his homecoming. The state’s Republican attorney general sent
10 Connects Mike Deeson exposes Judge Thomas Freeman’s re-election payment D.R.O.P. plan Meet Pinellas County Judge Thomas B. Freeman, who has been sitting on the bench for 29 years. In 2006 he signed the Florida Deferred Options Retirement Plan called D.R.O.P. saying his resignation date would be September 20, 2011. Freeman says at the time it was the best thing for his family. But a loophole in the law allows elected officials to keep on working. That means if Freeman is…
State analysts agreed Thursday to lower the expected rate of return on Florida’s $154 billion pension fund, which will put more pressure
From Pinellas County Government: In light of Hurricane Irma’s heightened threat to lives and property of Pinellas County residents, the mandatory
Emergency officials in Pinellas County have decided to evacuate coastal areas and mobile homes ahead of Hurricane Irma. Thursday morning,