Overcast70° FULL FORECASTOvercast70° FULL FORECAST
Make us your home page
Instagram

The Buzz

From the staff of the Tampa Bay Times

Pension debate to get heated again during Senate floor action today

6

April

The legislative showdown over state and local government worker retirement continues today as lawmakers propose a series of amendments during debate on the Senate budget today that will soften the blow of the pension reform bill on low income workers.

 In one amendment, 10 Republicans have sided with Democrats to soften the blow of the bill pushed by Senate budget chief J.D. Alexander, R-Lake Wales. The coalition includes 11 Democrats joined by Republican Senators Jack Latvala, Dennis Jones, Nancy Detert, Rene Garcia, Jim Norman, Greg Evers and Mike Fasano.

Their amendment removes the requirement that all new hires except special risk employees such as police and firefighters would have to be enrolled in the 401k-style defined contribution plan. Instead, they propose making that requirement compulsory  only for elected officials, senior managment and anyone making more than $75,000. The amendment restores the compromise language voted out of the Senate's Governmental Oversight Committee two weeks ago but which was scrapped by Alexander.

 

[Last modified: Wednesday, April 6, 2011 3:00pm]

    

Join the discussion: Click to view comments, add yours

Loading...