Hearing that an agreement has been reached regarding state employee pay and benefits; rumored details here

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Hearing that the Florida House and Senate have reached an agreement regarding state employee pay and benefits. The rumored details:

A 3% pay cut for all benefits.
DROP program basically stays the same.
“High 5″ eliminated to become”High 8”.
It will take six years to become vested in the state retirement system.
The retirement age will be raised.

Developing…

Peter Schorsch is the President of Extensive Enterprises and is the publisher of some of Florida’s most influential new media websites, including SaintPetersBlog.com, FloridaPolitics.com, ContextFlorida.com, and Sunburn, the morning read of what’s hot in Florida politics. SaintPetersBlog has for three years running been ranked by the Washington Post as the best state-based blog in Florida. In addition to his publishing efforts, Peter is a political consultant to several of the state’s largest governmental affairs and public relations firms. Peter lives in St. Petersburg with his wife, Michelle, and their daughter, Ella.