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state pension plan

Rick Scott, Cabinet members OK Venezuela investment ban

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With no discussion, Gov. Rick Scott and members of the Florida Cabinet Wednesday approved a policy to forbid any investments benefiting the Nicolás Maduro regime in Venezuela. Scott, state Chief Financial Officer Jimmy Patronis and Attorney General Pam Bondi sit as Trustees of the State Board of Administration, which oversees state investments. The state currently has no investments that involve Venezuela, Ash Williams, the SBA’s executive director & chief investment officer, told reporters.

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State workers spared pay cut

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From Sunshine News: Although for a fifth straight year lawmakers have declined to provide state worker pay-raises, union officials Monday said they were satisfied with lawmakers’ decision to back away from a proposed pay cut. The House accepted a Senate proposal that will require some 27,000 mid-level managers, lawmakers and other workers pay a modest amount for health coverage for the first time. Public employees across the state who are part of the state’s pension plan would also have to…

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