Thursday, February 24, 2011

Some state lawmakers backing away from conversion to Defined Contribution Plans

Florida legislators are not embracing the sweeping employee pension reforms being advanced by Gov. Rick Scott.

At a House hearing Wednesday, members grilled a Scott staffer on the financial impact of requiring all new employees to enroll in 401(k)-type investment plans.

"I think we have a budget issue and not a pension issue here in the state of Florida," said Rep. Alan Williams, D-Tallahassee. "Hopefully through this process we can educate our governor in that regard."

No comments:

Post a Comment

Welcome to the LASERS eBeam online community. We value your comments, however to keep our blog focused, we have set some comment guidelines.

This blog is moderated and all comments are subject to review. Comments will be posted entirely at the discretion of the blog administrator.

To ensure exchanges that are informative, respectful of diverse viewpoints, and lawful, we will NOT post comments that are:

Off Topic - We will exclude comments not related to the subject of the Blog post.

Spam - Comments focused on selling a product or service.

Personal Attacks - We would like to hear from you, but ask that you refrain from personal attacks or being disrespectful of others.

Derogatory - Comments including, but not limited to, profane or provocative language will be excluded (which means that hateful, racially or ethnically offensive content, threats, obscene or sexually explicit language will not be tolerated).

Anonymous - We ask commenters to create a Blogger ID before they can post.