A scaled-back city pension bill sent to Scott
Wednesday, May 4th, 2011 by John KennedyThe House joined the Florida Senate in approving a measure Wednesday making mostly modest changes to city pension plans — backing away from more sweeping approaches proposed earlier to stabilize some of the financially troubled funds.
The only major overhaul included in the legislation (CS/SB 1128) limits overtime pay to 300 hours per year for benefit calculations for police, firefighters and other municipal employees. The cap would stop government workers from using what critics say is a common pension-boosting practice.
The legislation was approved 80-35 and sent to Gov. Rick Scott, who is expected to sign it into law. The bill also requires more oversight from the state’s Department of Management Services of the hundreds of local funds, including posting a five-year history of each plan’s financial status.
But it stops far short of what many cities had earlier proposed. The Florida League of Cities had wanted lawmakers to rework a 1999 law that fattened the pensions of police and firefighters that had been spearheaded by former Gov. Jeb Bush.
The lucrative pension provision was the first bill signed into law by the former two-term governor, who had been endorsed by the Florida Police Benevolent Association and Florida Association of Professional Firefighters in the governor’s race the previous fall. (more…)






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