"As we have feared from the outset, the Florida Supreme Court has ruled in favor of Governor Rick Scott in the “Scott vs. Williams” lawsuit filed on behalf of Florida Retirement System members and the three percent contributions taken out of employee paychecks since July 1 of 2010. The FSC ruling reverses the lower court ruling made by Judge Jackie Fulford in early 2012 indicating the employee contributions and changes were unconstitutional. As details are more clear, we will continue to provide information for members. It would appear there will be no repayment of contributions, and the elimination future COLA benefits will remain in effect."
For more information click on this link:
http://frsoptions.info/

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