Scott: 5 Percent Contribution to Pension is Fair

By: The News Service of Florida
By: The News Service of Florida

Asking public employees to contribute 5 percent to their pension fund is perfectly fair, considering most people in the private sector do at least that, if they have a pension at all, Gov. Rick Scott said during a radio interview Tuesday. “Very few companies have a pension (plan). They can’t afford it,” Scott said in a sit-down with WFLA Radio in Tallahassee. “Often there’s not even a dime put in by the private company. That’s the private sector today, whether we like it or not.” Scott said that he’s worried that the state pension fund isn’t fully funded – which means if everyone retired tomorrow and demanded their pension, there wouldn’t be enough money to cover it. “We’ve got to go to where we have a pension fund that’s viable,” Scott said. “It’s fair that employees pay 5 percent. That’s absolutely fair.” Scott also said the state must end double dipping in the DROP system, where state employees “retire” and collect retirement benefits and then go back to work also drawing a salary. “It’s just not fair,” Scott said. “We can’t pay for it.”

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