Privatize the Florida Retirement System

By Randall G. Holcombe, Ph.D. Over the past few years both Governor Scott and several members of the Florida legislature have been pushing the idea of transforming the Florida Retirement System (FRS), which pays pensions to retired state workers, from a defined benefit system into a defined contribution system.  A defined benefit system, which covers … Continue reading Privatize the Florida Retirement System

The Current State of Pensions in Florida

By Matt Kelly With their swampy humidity and world famous theme parks, Florida’s cities seem a world away from the frigid cold and automotive factories of Detroit, Michigan. Yet the two states have at least one commonality: underfunded pension liabilities. Such liabilities can potentially put a state or municipality into budgetary crisis, even bankruptcy. Reforming … Continue reading The Current State of Pensions in Florida

Controversy Over Pension Liabilities May Leave Taxpayers in the Hole

Post date: November 13, 2012 Article by: Anonymous A recent report published by the Leroy Collins Institute at Florida State University regarding Florida’s increasingly unfunded public pension plans received some controversial feedback, largely in response to the accounting methods used. Critiques of the study were published by actuaries who claim that cities’ plans were inaccurately … Continue reading Controversy Over Pension Liabilities May Leave Taxpayers in the Hole

Municiple Pension Forcing Florida Over a Fiscal Cliff

Original post date: October 05, 2012 Article by: Anonymous Florida public pension programs have become a cause for concern in recent years, and the debate just ramped up with the publication of a new report by Florida State University’s Leroy Collins Institute. Florida cities are facing a fiscal cliff on municipal pension funding, and much … Continue reading Municiple Pension Forcing Florida Over a Fiscal Cliff