Tuesday, April 12, 2011

The Senate and House Attacks Retirement - Action Alert

Step 1: copy and paste these emails:

dean.cannon@myfloridahouse.gov, Julie.Fess@myfloridahouse.gov, denise.grimsley@myfloridahouse.gov, Marty.Mielke@myfloridahouse.gov, alexander.jd.web@flsenate.gov, harrison.patty.s17@flsenate.gov, haridopolos.mike.web@flsenate.gov, buford.rivers.s26@flsenate.gov

Step 2: send this (you may want to add your own comments):

As a voter and taxpayer of Florida I ask you to please not change the Florida Retirement System. For close to 40 years the state employees of Florida have taken a lower salary in return for an outstanding retirement package. Now you are changing the benefits but not increasing the salary. The cost of implementing these changes may exceed the increase revenue and the impact on the local economy will be disastrous.

If you're not sure what impact these bills will have scroll down for info.

Here's a sample email from Leaflet: 

Representatives and Senators of Florida - or the staffer hired to look at these things,

I am 24 - and as a voter and taxpayer I ask you to please not change the Florida Retirement System; these bills are deducting the benefits but not increasing the salary. For close to 40 years the state employees of Florida have taken a lower salary in return for an outstanding retirement package. The cost of implementing these changes could exceed the increase revenue and the impact on the local economy will be disastrous.

Thanks for considering that letting these bills through would be a "douche-bag" move,

- Leaflet

Learn More:
Senate Bill S 2100 would:

* requiring ALL employees to start contributing (after July 1, 2011) 2% of their first $25,000, 4% on wages earned between $25,001 and $50,000 and 6% on everything earned over $50,001.
* Eliminates COLA’s for new employees hired on or after 07-01-11 and stop additional COLA’s from accumulating for current employees (after July 1, 2011). This will have a tremendous negative impact upon your retirement benefits.
* Changes the Deferred Retirement Option Program (D.R.O.P.) interest accrual rate for employees from 6½% to 2% for those who enter DROP on or after July 1, 2011, with the intention of closing DROP on July 1, 2016.
* discontinues the Health Insurance Subsidiary for new employees hired after July 1, 2011. Also changes the Health Insurance Subsidiary for those employed prior to July 1, 2011. You will receive $5.00 for every year employed up to July 1, 2011, with no future accrual after July 1, 2011. (Example: If you have 22 years on 7/1/11, you will receive $110.00 (5x22) in Health Insurance Subsidiary monies for the rest of your life.
* does not allow the employee to sell 500 hours of accumulated vacation or compensatory, time and have that calculated into their highest 5 years Average Final Compensation total.
* Increases the normal retirement age for regular class members from the current age 62 with 10 years of service or 30 years of service regardless of age, to age 65 with 10 years of service or 33 years of service regardless of the age. THIS ONLY APPLIES TO NEW EMPLOYEES HIRED AFTER ON OR AFTER 07-01-11

House Bill 1405 would:

* starting July 1, 2011 requires ALL employees to contribute 3% of their pre taxed salary to the Florida Retirement System.
* Closes the Deferred Retirement Option Program (D.R.O.P.) to new participants effective 07-01-11
* Increases the normal retirement age for special risk members from the current age 55 with 6 years of service or 25 years of service regardless of age, to age 60 with 6 years of service or 30 years of service regardless of the age. THIS ONLY APPLIES TO NEW EMPLOYEES HIRED AFTER ON OR AFTER 07-01-11
* Increases the normal retirement age for regular class members from the current age 62 with 6 years of service or 30 years of service regardless of age, to age 65 with 6 years of service or 33 years of service regardless of the age. THIS ONLY APPLIES TO NEW EMPLOYEES HIRED AFTER ON OR AFTER 07-01-11

These two Bills will be discussed this week during the Conference Committee meetings. Their goal will be to combine the two bills into one and attach it to the state budget for final approval. Although individual members have not been assigned to this committee yet, I am encouraging you to immediately contact the below leadership members who will have tremendous input into the process.

You can also be super cool and give them a call:

Speaker of the House Dean Cannon’s contact info:
Telephone: (850) 488-2742

Representative Denise Grimsley’s contact info: (House Appropriation Chair)
Telephone: 850-488-3457

Senate President Mike Haridopolos’ Contact Info:
Telephone: 850-487-5056

Senator JD Alexander’s contact info: (Senate Budge Chair)
Telephone: 850-487-5044

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