Teachers, police and even legislators may start seeing -- for the first time in 35 years -- a chunk of their paycheck going into their retirement accounts if Gov. Rick Scott and legislators get their way.
The money could be used to offset the state's nearly $5 billion budget gap, fulfill Gov. Rick Scott's promise to cut $1.4 billion in property taxes or be rolled back into the retirement system to shore it up before the state's aging workforce retires.
The details won't be known for certain until the governor releases his budget plan on Feb. 7, while legislators won't weigh in with their budget proposals until late March. The governor is expected to start rolling out pieces of his budget proposal this week, starting today in The Villages. Tuesday he is expected to announce details of his pension ideas.
But for the 572,000 state and local employees and 319,000 retired members in the Florida Retirement System, one thing is certain: ``Reform is coming.'' More here.