Pension Plans in Fl. Favor Judges, Elected Officials

[GoodWitch58]

Fla. pension system favors judges, elected officials

The separate class was created and modified over the years by the Florida Legislature, whose 160 members are also covered by it.

Some lawmakers now think the inequalities are wrong.

"We, as elected officials and judges, should be looked at no differently than any other state employee or county or city employee,' said state Sen. Mike Fasano, R-New Port Richey, who has proposed legislation to scale back the benefits given to elected officials and judges. "It's not fair."

Among retirees in the state retirement system, former elected officers collected an average pension of $42,414 last year, nearly three times more than general employees. And some do far better.

Rich Crotty, a former state legislator, property appraiser and mayor of Orange County, left office in January with a lump sum of $365,584 and an annual pension of nearly $127,000.

 

[30ashopper]

Fla. pension system favors judges, elected officials

That lump sum comes from DROP. Something Scott is trying to do away with.

Why not adopt the pension contribution changes, kill DROP, and realocate judge and legislature pension contribution excesses to teachers, firemen, and police? They deserve these retirement funds more than the politicians.

 

[Andy A]

It is not an unusual situation. The state my retirement comes from has a similar set up. Teachers, merit system employees and elected and appointed officials all have seperate retirement plans, and, as I remember, all are funded differently.