News, Jazz, NPR
Play Live Radio
Next Up:
0:00
0:00
Available On Air Stations

WUSF 89.7 depends on donors for the funding it takes to provide you the most trusted source of news and information here in town, across our state, and around the world. Support WUSF now by giving monthly, or make a one-time donation online at WUSF.org/give.

Politics / Issues

FL Lawmakers Trade State Worker Raises For Benefit Changes

dxr_via_wikimedia_0.jpg
Credit DXR via wikimedia commons

Florida lawmakers are approving a measure giving state workers a raise in exchange for revamping benefit plans.  The proposal passed alongside the state budget on the final day of Florida’s legislative session.

Most state workers will get a $1,000 or $1,400 bump—with the bigger raise going to those making less than $40,000 annually.  To get the raise, senators agreed to make the default retirement option for most employees an investment rather than a pension plan.  But Sen. Jack Latvala (R-Clearwater) defends the move, pointing out many workers leave their profession before vesting.

“You know if they’re in the investment plan,” Latvala says, “at least they’d have the growth of their contribution and the match for each of those first seven or eight years before they left.”

The measure doesn’t lock anyone out of the pension plan, but employees have to opt in sometime during their first eight months of employment.

Copyright 2020 WFSU. To see more, visit .