Pension Defined Benefit or Definded Contribution

http://www.dms.myflorida.com/human_resource_support/retirement/municipal_police_and_fire

http://www.naplesnews.com/news/2011/feb/28/pension-local-government-police-fire-Legislature/

“The place that’s on the hook to make sure (a government) is financially sound is the city,” said Bob Lee, executive director of the Center for Florida Local Government Excellence at Florida State University in Tallahassee. “It’s not the state. It’s not the employees. It’s the cities.”

Local government officials are beginning the process of reforming their pensions systems.

Pension Cuts

http://www.miamiherald.com/2010/03/24/v-fullstory/1544267/floridas-pension-fund-shortfall.html

HB 1319
http://www.myfloridahouse.gov/Sections/Bills/billsdetail.aspx?BillId=44090&SessionId=64

SB 1902
http://www.flsenate.gov/session/index.cfm?BI_Mode=ViewBillInfo&Mode=Bills&ElementID=JumpToBox&SubMenu=1&Year=2010&billnum=1902

http://www.sun-sentinel.com/news/local/legislature/os-florida-police-teacher-pension-cuts-0320100323,0,6625398,full.story

Two bills aimed at slashing pensions for Florida’s teachers, police and other public employees, as well as requiring some of them to work several years longer before retiring, are being considered by state lawmakers.

$13 billion potential deficits in next 3 Florida budget years

http://www.floridatoday.com/article/20090903/BREAKINGNEWS/90903016/1086/rss07

Behind Florida’s Exodus: Rising Taxes, Political Ineptitude

http://www.time.com/time/nation/article/0,8599,1919916,00.html