2% Contribution of Pay? (4% for those making more than 75k)

Leaders of the Senate Governmental Oversight and Accountability Committee pushed a compromise that would require most state workers to contribute up to 2 percent of their salaries to their retirement funds, while elected officials, senior management and anyone making more than $75,000 would pay four percent of their salary into the retirement system.

The measure by Sen. Jack Latvala, a St. Petersburg Republican, also removes a requirement that new employees in the Florida Retirement System enroll in 401(k) plans.

The changes came after hours of testimony from police, firefighters, teachers and civil servants – and the fifth death in a month of a police officer gunned down in the line of duty.

“If we want to have people take these jobs, we have to make it worth their while,’’ Latvala said.

http://www.miamiherald.com/2011/02/2...-modifies.html

Good Deal.