NEWS ALERT: Florida Supreme Court Rules In State’s Favor On 3% Retirement
NEWS ALERT: Florida Supreme Court Rules In State’s Favor On 3% Retirement
I am just receiving information that the Florida Supreme court has upheld the State’s right to have government employers levee 3% contribution to the Florida Retirement System (FRS).
At this time I have few details, but it is my understand that this ruling would mean that the current requirement of collecting 3% from all state employees would continue.
I know this is not what mean in State, County, Law Enforcement, Fire, education and more hoped for.
If you are interested in reading the Courts Opinion visit: http://www.floridasupremecourt.org/decisions/2013/sc12-520.pdf
Also Tampabay Times has an article on this story at: http://www.tampabay.com/news/politics/stateroundup/florida-supreme-court-sides-with-state-in-retirement-battle-against-state/1270970
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