Retire + Rehire = Collect 175% of your pay!

[Unregistered]

Per Florida Governor Rick DeSantis new COVID19 executive order, you can now retire and then be immediately rehired at your same pay and rank. Here is how much money you will make, if you retire-retire after 25 years in the executive loophole:

• 80k = active-duty pay
• 60k = retirement pay (75% of your 80k)
• 140k = retirement pay + active duty pay (for doing the exact same job)

If you're eligible, then you'd better apply now, before the window closes. That is not what the Executive Order was intended to do. We all know that. However, it's a legal loophole.

Governors Executive Order Number 20-88:
https://thelehighacresgazette.com/ne...tive-order.pdf

[Unregistered]

If taxpayers understood that that's how their tax dollars were being used (to boost salaries), then they would not be happy. However, since the Florida retirement system is so incredibly complicated, it's not something that will be on the radar. It's simply too complicated for taxpayers to understand.

[Unregistered]

If taxpayers understood that that's how their tax dollars were being used (to boost salaries), then they would not be happy. However, since the Florida retirement system is so incredibly complicated, it's not something that will be on the radar. It's simply too complicated for taxpayers to understand.

Unfortunately there are people/media/critics etc that would try to make you believe that this a bad thing when in fact it is actually a benefit to not only the employee, but the agency AND the public. If Deputy A retired after his or her 25 year career and the basis for his or her pension was 75% of $80,000 he or she would then continue to collect $60,000 until death. By re-hiring that deputy at $80,000 instead of a new hire at $45,000 may appear to be a foolish move until you take into consideration the learning curve and or the quick turnover. That new hire must (should based upon who they know) a full training period, then go through the standard phase of learning what this job is all about and become efficient in it. This period from hiring through being comfortable with doing the job takes +/- 3 years. Then comes the period where the deputy realizes that what they though the job was going to be and what it truly is 180 degrees and they resign which means 3 years of money spent just to start all over again. Whereas that deputy who put their papers in but continues on already knows what the job is all about and has already proven that he or she will continue on.

Overall, by rehiring the "old" guy is actually a benefit all the way around. If I was eligible to do this, I would be right there signing up.

[Unregistered]

The Florida Retirement System (FRS) is the highest-paying in the United States for high-risk personnel (LEOs & firefighers), but it is ironically the lowest paying for civilians (school teachers, county inspectors, clerks, etc).

Here is a 30-year retirement comparing high-risk retirement pay with civilian retirement pay:
*high-risk: you get 90% of your highest-paid 5 years (forever)
*civilians: you get 48% of your highest-paid 5 years (forever)