Rick Scott Will Take Away Your Retirement

Rick Scott is after your pensions, he also wants to make you work another five years to get to your pension, so instead of 25 years you will have to put in 30 years. He also will take away the 3% you earn per year now and drop that down to 2% like was done once before and we had to fight to get that back.

Rick Scot will hurt you.

1. Raise retirement age for high risk from 25 years to 30 years. Non high risk will be raised from 30 years to 35 years. (If you work a desk you will be considered non high risk)

2. Your percent earned will be cut, instead of earning 3% a year you will only earn 2% a year, if you work a desk you will only earn 1.6 % a year because you will not be considered high risk. So for 30 years of work you will only get a maximum of 60% to live on in retirement. But you may not even get that, Rick Scott wants to make you go into the investment plan.

3. Rick Scott wants to force everyone into the investment plan so you can kiss goodbye your retirement, because you will not make enough in the investment plan to live on for more then 5 or 6 years after retirement.

Hold your nose and Vote Alex Sink.

Would you rather believe Rick Scott who tells the truth that the current pension benefits are unsustainable or Alex Sink's lies and empty promises to buy your votes? Benefits will have to be cut no matter who gets elected. Jeb Bush bought off the unions with unrealistic pension promises (3% annual accumulation factor for high risk) which were not backed up by economic reality. Now public employees' benefits have to be adjusted to the new reality. Retirees and current employees will have to share the pain, otherwise, the FRS will end up like Ilinois, California, New-Jersey, Coloarado, etc. Don't kill the golden goose by voting for Sink. While she was asleep at the wheel as an FRS trustee, the fund lost a lot of money on questionable investments. She also plans to take $2 billion of the FRS money and invest it in envornmentally friendly start up companies in Florida to ostensibly create jobs. The FRS's mission is to maintain pensions for thousands of retirees and future retirees, not to finance her croonies' business ventures or create jobs. This is unexcusable given that she is Florida's Chief Financial Officer with a background in Finance. Alex Sink is dangerous to your pension.