By Randall G. Holcombe, Ph.D. In a recent blog post I argued in favor of shifting the Florida Retirement System (FRS) that provides pensions for retired state workers to a defined contribution system, and privatizing the system. Governor Scott and many legislators favor the shift to a defined contribution system, and because many private companies … Continue reading Fix the FRS Before It Breaks
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