02-09-2011, 02:48 PM
Thanks to Governor Scotts new pension plan, starting hires will make more money than a lot of veterans. Why?
Employees currently in the system will have 5% of their salaries removed from their paychecks and put in the FRS to plug the gap of money that Rick Scott is taking out to distribute to his rich buddies. It is MANDATORY and is going to happen.
New hires are being "offered" a 401K plan. It is not mandatory. In fact, if the employee chooses not to participate, then it saves the state money because they do not have to pony up a matching amount.
A current Officer with as much as 10 years on will have their salary decreased by 5%. A new hire starts out with no salary decrease if they opt out of the 401K. They will be making more than the veteran who is training them. Even the private sector doesn't do this to their folks.
Employees currently in the system will have 5% of their salaries removed from their paychecks and put in the FRS to plug the gap of money that Rick Scott is taking out to distribute to his rich buddies. It is MANDATORY and is going to happen.
New hires are being "offered" a 401K plan. It is not mandatory. In fact, if the employee chooses not to participate, then it saves the state money because they do not have to pony up a matching amount.
A current Officer with as much as 10 years on will have their salary decreased by 5%. A new hire starts out with no salary decrease if they opt out of the 401K. They will be making more than the veteran who is training them. Even the private sector doesn't do this to their folks.