VISIT FLORIDA: COVID ends record-setting Florida tourism trends nwfdailynews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nwfdailynews.com Daily Mail and Mail on Sunday newspapers.
Florida has posted its lowest weekly total of first-time unemployment claims since the start of the coronavirus pandemic, despite mounting issues confronting the travel industry.
Florida Plan Would End Traditional Pension For Government Workers insurancenewsnet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from insurancenewsnet.com Daily Mail and Mail on Sunday newspapers.
TALLAHASSEE After years of discussions about the tricky issue of overhauling Florida’s retirement system for government employees, a Senate committee Thursday approved a proposal that would shut future workers out of a traditional pension plan.
The proposal, sponsored by Senate Governmental Oversight and Accountability Chairman Ray Rodrigues, R-Estero, would require new employees as of July 1, 2022, to enroll in a 401(k)-style “investment” plan. Employees currently are allowed to choose whether to take part in the pension plan or the investment plan.
Rodrigues, whose Republican-controlled committee approved the bill (SB 84) in a party-line vote, said lawmakers have to make “difficult decisions” to maintain the long-term solvency of the pension fund. He pointed, in part, to a $36 billion unfunded actuarial liability, which is essentially a measurement of whether the fund is projected to have enough money to meet its future obligations.