HEADLINES : Florida
Scott may slash state's payment to workers' retirement plan
TALLAHASSEE - Three days after a trial judge ruled the Legislature's 2011 effort to make public employees pay part of their pension costs was unconstitutional, lawmakers passed another pension bill reducing government contributions to more than 100,000 public employees.
On the last day of the 2012 Legislature, the House and Senate endorsed House Bill 5005, which cut government pension contribution rates for state workers, law enforcement officers, county workers, school employees and university workers who are part of a 401(k)-type retirement plan.
The bill is awaiting the approval of Gov. Rick Scott, who has made cutting state pension costs one of his top priorities. Scott, who has until Saturday to act on the bill, has not taken a position on the latest measure.
The cuts are dramatic in some cases.
For police officers, sheriff's deputies and other law enforcement members who fall into the "special risk" class, the government contribution to their retirement will drop from the current 18.3 percent of their salaries to 12.3 percent.