Legislative update (2/14/14): Higher Education
Although this was officially Valentine's Week, we weren't feeling much love up here in Tallahassee. Legislators are once again starting their attack on the Florida Retirement System. This week a bill was filed in the Senate which would create what is called a "cash balance" plan (more below). Rumors indicate there are more FRS 'reform' bills to come. It seems that legislators just can't keep their hands off your retirement! The first hearing of the new bill is scheduled for Wednesday, February 19 in the Senate Community Affairs Committee at 2 p.m.