As a young man I was told by a mentor, “If you want something when you get there, you better send a little ahead.” That’s still good advice, unless you’re in the public sector and can participate in lucrative taxpayer-funded pension schemes. So it doesn’t come as a shock that for some it’s time to circle the wagons with the editorial slam of the Republican-controlled Florida Legislature’s attempt to bring an end to this largess (“Reckless rush on pensions.”)
No one wants to break our promises to current Florida Retirement System (FRS) participants. But it’s misleading to charge that if new employees are forced into 401(k) plans (like private-sector taxpayers) that the roof will fall in on the current plan or that it is somehow “complicated.” For whom?
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