A Misguided ‘Solution’ to a Nonexistent Problem: The High Cost to Taxpayers of Forcing Florida Public Employees Into Lower-Quality Retirement Plans

Sarabeth Snuggs, Stephen Herzenberg |

On March 22, 2013, the Florida House of Representatives approved a major restructuring of Florida’s public employee retirement system that would raise costs to taxpayers while forcing teachers, police officers, and other public servants into an inferior retirement plan. Our new study evaluates the impact of the House bill on pension fund investment returns, reviews research from other states, and examines actual experience in three states that have gone down this road.