Bill would change pension provisions for law enforcement and firefighters

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The House lawmakers who spearheaded efforts to overhaul the state’s pension plan has filed legislation that would reverse some changes for law enforcement officers and firefighters and further pay for it by changing the plan for other employees, reports the News Service of Florida. Rep. Ritch Workman, R-Melboure, introduced a measure this week that would return the retirement date to “special-risk” employees from 60 years of age or 30 years of service to 55 and 25 years, respectively. Regardless of how long they’ve served, those employees would have to be at least 48 to retire. To cover the lost savings from rolling back the age change, Workman’s plan would raise the vesting period from eight years to 10 years and would automatically enroll state employees who don’t choose a retirement plan in the defined-contribution plan instead of the traditional pension system. Workman said workers who don’t respond to the state’s efforts to get their preference might actually benefit, since some of them might not be planning to stay with the state for long. “That’s actually a bad thing for the employee,” he said of the current default set-up.

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