Jeff Vasilinda becomes the Vasilinda Family’s first published author! February 4th, 2021 by Mike Vasilinda Florida’s pension plan would be no more under legislation that cleared a Senate Committee at the State Capitol Thursday morning. Some call the plan underfunded, but there are fears that ending the defined benefit plan could make it harder to hire critical workers. The state pension plan isn’t just for state workers. Most teachers, sheriffs deputies, and many city and county employees are all members of the Florida retirement system. “The balance stands at $184 billion,” said Ash Williams with the State Board of Administration.