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10-24-2010, 01:01 AM #11
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Re: Your Florida Representatives Who Don't Care About You!
Originally Posted by Guest
The Florida Legislators can change the FRS at anytime. I have seen a memo written by a Sheriff south of here who, along with 4 other sheriffs, meet with Scott. He was told by Scott that FRS is not sound at it's current rate and that employees will have to make up any difference along with other cuts he wants to make.
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10-24-2010, 06:24 AM #12
Re: Your Florida Representatives Who Don't Care About You!
Originally Posted by Guest
I hate to say it, you do not know what you are talking about. Alex Sink, as the CFO, is the head honcho of FRS. She let three large Wall Street firms come in and rob FRS blind, and did nothing about it. FRS lost 1/4 of it's worth because of it. It wasn't all the economy. She refuses to go after them and has taken the 5th on the issue. Now we are going to have to make up the difference because of her (And Crist and McCollum's) screw up. As a matter of fact, all three have taken the 5th. They we're advised not to invest in junk bonds and hedge funds but they did anyways.
Besides, anyone that was involved with Bank of America/Nations Bank is a crook (Sink was the Florida division president for ten years). Bank of America is the worst bank in town.
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10-24-2010, 07:36 AM #13
Re: Your Florida Representatives Who Don't Care About You!
Originally Posted by FRJ Posse
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10-24-2010, 12:01 PM #14
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Re: Your Florida Representatives Who Don't Care About You!
Originally Posted by Guest
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10-24-2010, 01:36 PM #15
Re: Your Florida Representatives Who Don't Care About You!
Originally Posted by Average Joe
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10-24-2010, 02:25 PM #16
Re: Your Florida Representatives Who Don't Care About You!
Originally Posted by Guest
FRS is a creation of the legislature. It can be modified by the legislature at any time by further legislation.
BUT, here's the point. THE GOVERNOR CANNOT CHANGE FRS; only the legislature can do that.
Scott may think the FRS needs to be changed, but HE can't change it. Fears that the next governor would change FRS is no justification for voting for Sink who is a liberal democrat.
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10-24-2010, 08:28 PM #17
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Re: Your Florida Representatives Who Don't Care About You!
No, but when he says that he is going to lay off government employees, well that he can do.
And the legislators can change your multiplier, the amount that you now have to contribute, they can reduce or eliminate your July percentage increase for retirees, and they can take away payout for monthly medical payments.
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10-25-2010, 01:03 PM #18
Re: Your Florida Representatives Who Don't Care About You!
Originally Posted by Average Joe
Come on, Joe. He can lay off STATE Government employees, not us.
Of course the LEGISLATORS can change the multiplier. My second sentence said they could modify FRS. But the GOVERNOR cannot change FRS.
I'd rather have a fiscally conservative governor who is concerned about government finances (Scott), but who is unable to change FRS, than a liberal (Sink) who has promised dozens of new programs which will require HIGHER TAXES to accomplish.
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10-25-2010, 02:06 PM #19
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Re: Your Florida Representatives Who Don't Care About You!
I'm sorry, I thought you knew that he could only lay off state works. My bad for not spelling that out for you.
A modification to FRS is a change. Just the fact if he took away your 3% raise every year on July 1st that the retirees get would be huge.
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10-26-2010, 01:49 PM #20
Re: Your Florida Representatives Who Don't Care About You!
Originally Posted by Average Joe
The fact that he can only lay off state workers makes one wonder why you brought it up when it doesn't affect us, and by extension how we should vote. I did know it you see - I brought it up. But the concern was that perhaps you were inadvertently misleading others.
You are repeating what I said, not disputing it when you say that a modification to FRS is a change. Again, the LEGISLATURE is the body which can modify (change) the FRS. Even if Sink were governor (God forbid) it would be the LEGISLATURE which changed FRS.
Remember, Sink is proposing a number of new state programs which will necessarily RAISE TAXES for all of us.
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