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Tag: pension plans

Florida Governor Dismisses Teachers Union’s Class Action Suit

Florida Governor Rick Scott said the three percent pay cut for teachers in the state does not violate any contractual obligations and called it “the right thing to do for the state,” dismissing a class action lawsuit filed today by the Florida Education Association. The three percent pay cut would help pay for teachers’ pension plans and balance the state budget.

“The participation by people in their pension plan makes all the sense in the world,” Scott said. “”It’s what’s fair to the private sector. Very few private sector employees have pension plan that is 100 percent. It’s the right thing to do for our state.” [The Miami Herald]

New Jersey Public Workers Protest Benefit Changes

Hundreds of New Jersey public workers took to the streets in Trenton to protest a bill that would force them to pay more for their health benefits and pension plans. Top lawmakers, including Governor Chris Christie, have signaled support for the plan.

“You can’t pit the public against the public employees,” Florence Detofsky, a retired teacher who joined the protests, told NJ.com. “They’re supposed to give us a pension, and they’re trying to whittle it down.”