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.

Pension Fund is Center of Debate

October 8th, 2010 by Mike Vasilinda

The soundness of Florida’s pension fund has been center stage in a TV ad war in the Governor’s race. It will also likely be a bone of contention when the two candidates square off in their first debate later this evening. But as Mike Vasilinda tells us, the fund is posting healthy returns.

Rick Scott has been saying this about Alex Sink and her management of the state pension fund.

“Sink promised to crack down on financial fraud, but she lost billions of Florida’s pension funds.”

Here are the facts: the fund hit an all-time high of 136.4 billion, right before the market crashed in 2007. Thursday it was at 119 billion or about 17.4 billion less.

Over the same time, it paid out roughly 13 billion to police, firemen, teachers and state retirees.

Ash Williams manages the fund and notes that when the market dived, Florida fared better than most.

“The S&P was down about 40 percent in 2008 and the Florida retirement system trust fund was down less than half that amount,” Williams said.

Williams reports not only to Sink, but to Governor Charlie Crist and the Attorney General as well.

Attorney General Bill McCollum is one of three overseers of the pension fund and even he has called the charges against Sink unfair.

Sink has responded to the Scott ad with this:

“The Investment Management Weekly just reported that Florida’s pension fund earned record-breaking returns.”

Williams wouldn’t speak to the governor’s race, but he did point out the recognitions the fund has won.

“We lost less than the broad market when the big downturn came, and we’ve compounded capital very effectively during the rebound,” Williams said.

Since July the fund has increased 10 billion dollars, or about twice as fast as the rest of the market.

VOTE RICK SCOTT>

VOTE RICK SCOTT>
Yes!!! go ahead and vote for Rick IHATETHEPOLICE Scott. (All thieves hate the police)

Anyone who will vote for Scott will vote for morgan. Nuff said.

Scott is right of course. The $17.5 billion deficit has to be made up somehow because the FRS' overly optimistic investment returns projections will not materialize. Remember that only the legislature can make changes to our pension, not the governor. The politicians are in the same FRS boat with us so it is in their interest as well that it does not sink. The actuaries who do periodic fund audits know better than county sheriffs and reporters as to what kind of shape the fund is in and what must be done to keep it viable for the long term. That is the reason why some cuts must be made and we will have to contribute. Sink is desperate to buy your votes and will say anything to get them. Believe the reality as presented by Scott, not Sink's BS.

Scott is right of course. The $17.5 billion deficit has to be made up somehow because the FRS' overly optimistic investment returns projections will not materialize. Remember that only the legislature can make changes to our pension, not the governor. The politicians are in the same FRS boat with us so it is in their interest as well that it does not sink. The actuaries who do periodic fund audits know better than county sheriffs and reporters as to what kind of shape the fund is in and what must be done to keep it viable for the long term. That is the reason why some cuts must be made and we will have to contribute. Sink is desperate to buy your votes and will say anything to get them. Believe the reality as presented by Scott, not Sink's BS.
Never vote for anyone who has an ad that say 's obama has the answer for florida's recovery. sorry sink, i get a florida retirement and you wont get my vote.VOTE RICK SCOTT.

Scott is right of course. The $17.5 billion deficit has to be made up somehow because the FRS' overly optimistic investment returns projections will not materialize. Remember that only the legislature can make changes to our pension, not the governor. The politicians are in the same FRS boat with us so it is in their interest as well that it does not sink. The actuaries who do periodic fund audits know better than county sheriffs and reporters as to what kind of shape the fund is in and what must be done to keep it viable for the long term. That is the reason why some cuts must be made and we will have to contribute. Sink is desperate to buy your votes and will say anything to get them. Believe the reality as presented by Scott, not Sink's BS.

Hey idiot. It's no longer 17.5 billion. By the end of next year it will be a surplus, moron. Stupid people like you need to go away permanently.