Rick Scott's pension proposal seen as hit to teachers
Hal Krantz says it has been years since he brought home a pay raise. After 16 years of teaching, the married Coral Springs Middle School instructor with a daughter in college is struggling to stretch his salary while meeting the soaring costs of health care, food and other necessities.
Gov. Rick Scott's plan to compel public employees like Krantz to kick in as much as 5 percent of their paychecks into their pensions is causing quite a bit of angst. This is particularly true of teachers, who traditionally earn modest salaries offset by a broad benefits package, but also state workers, many of whom have not received pay raises in years.
The proposal is included in the budget that Scott will unveil Monday at a rally of tea party supporters in the Lake County community of Eustis. Employees say the pension measure is the equivalent of a pay cut.
"We give up so much because we love this profession,'' said Krantz. "Now they are cutting even deeper into our pocket.''
Around the nation, governments are reeling from the poor economy and falling tax revenues. Supporters of Scott's plan, which would affect not just state workers but school employees and many municipal workers in the state retirement system, say it's imperative to change gears to keep the state and the pension fund solvent. More here.