Our newest Governor-elect, Rick "Lurch" Scott, will need to be watched from day-1, if not right now. This guy fleeced Columbia/HCA for his own benefit at the cost of the government and our tax dollars; he's about to do the same to Florida. BOHICA!!!

Report this postReply with quoteRick Scott & Mike Bennett are coming after your retirement
by Guest on 11/03/10 18:44:01

Mike Bennett put his plan on hold until after the election, he knew Sink would not support him, but he knew Rick Scott would back his plan.

The Mike Bennett Plan for FRS

1. Retirement raised from 25 years to 30 years no grandfathered in, if you are still working when his bill takes effect you will then be required to work for 30 years.

2. Retirement age raised from 55 to 60, again no one is grandfathered in.

3. Percent earned for each year of service currently is 3%, Bennett will reduce it to 2%.

4. You high five average will be changed to your average pay over your 30 years, that is going to reduce your retirement considerably.

What does this mean? It means we all lose. Instead of working for 25 years and retiring with 75% of your high five years, you will be forced to retire after 30 years with your average being all 30 of your work years and only getting 60% of that.