PDA

View Full Version : Just FYI


Unregistered
02-05-2021, 12:55 PM
https://wusfnews.wusf.usf.edu/politics-issues/2021-02-04/florida-senators-move-forward-with-eliminating-pension-option-for-state-employees
Unregistered
02-07-2021, 01:48 AM
The new employees will not be contributing to the FRS pension fund any more. They will be in a 401k.

So, if your in the FRS pension system, 3% becomes 10% because of no new members contributing to the FRS pension. Plus ever year more and more people retire the higher the contribution will become.

The people in the FRS pension will make up the short fall, until they are all gone.
Unregistered
03-10-2021, 12:49 AM
The new employees will not be contributing to the FRS pension fund any more. They will be in a 401k.

So, if your in the FRS pension system, 3% becomes 10% because of no new members contributing to the FRS pension. Plus ever year more and more people retire the higher the contribution will become.

The people in the FRS pension will make up the short fall, until they are all gone.
Good luck getting people to work in corrections or law enforcement. 401 plan you will have a handful of nothing after 30 years.