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Public Pension Roundup: Reform And Regression

Public Pension Roundup: Reform And Regression
forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.

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Records exemption sought for higher ed searches

Records exemption sought for higher ed searches
Ryan Dailey
TALLAHASSEE A proposal that would provide a public-records exemption for “personal identifying information” about people applying to become state college and university presidents is advancing in the Florida Senate.
Sen. Jeff Brandes, a St. Petersburg Republican who is sponsoring the measure (SB 220), said it is aimed at attracting “the broadest pool of applicants” for the jobs. The Senate Governmental Oversight and Accountability Committee approved the proposal Wednesday in a 4-2, party-line vote.
Brandes said the proposal looks to address an issue stemming from Florida’s “broad public-records laws,” or Sunshine Law, that gives the public access to applicant information. The bill would exempt from public view initial applicants’ records, but information about finalists would be “no longer confidential and exempt,” and meetings with final candidates would be public. ....

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Records Exemption Sought For Florida Higher Ed Searches

Records Exemption Sought For Florida Higher Ed Searches
wlrn.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wlrn.org Daily Mail and Mail on Sunday newspapers.

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Florida Plan Would End Traditional Pension For Government Workers

Florida Plan Would End Traditional Pension For Government Workers
insurancenewsnet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from insurancenewsnet.com Daily Mail and Mail on Sunday newspapers.

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Senate panel OKs bill to shut out future government workers from pension plan

TALLAHASSEE After years of discussions about the tricky issue of overhauling Florida’s retirement system for government employees, a Senate committee Thursday approved a proposal that would shut future workers out of a traditional pension plan.
The proposal, sponsored by Senate Governmental Oversight and Accountability Chairman Ray Rodrigues, R-Estero, would require new employees as of July 1, 2022, to enroll in a 401(k)-style “investment” plan. Employees currently are allowed to choose whether to take part in the pension plan or the investment plan.
Rodrigues, whose Republican-controlled committee approved the bill (SB 84) in a party-line vote, said lawmakers have to make “difficult decisions” to maintain the long-term solvency of the pension fund. He pointed, in part, to a $36 billion unfunded actuarial liability, which is essentially a measurement of whether the fund is projected to have enough money to meet its future obligations. ....

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