Scott: Pension to be Closely Examined

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

Gov.-elect Rick Scott will make pension reform a top priority, he said in an interview with the St. Petersburg Times. Scott said he is interested in a range of possible changes, from closing the pension’s defined benefit plan for new hires to raising the retirement age to requiring employee contributions. Scott said he is concerened that expectations of 7.75 percent return on investment is unrealistic and that Florida is the only state where employees don’t contribute to their own pension fund. “That's unfair to taxpayers and it's also probably unrealistic,” Scott said.

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