Paying More for Less: Florida Senate Bill Increases Pension Costs and Puts More Employees in Underperforming Retirement Plans

Stephen Herzenberg |

The Florida pension debate has refocused on a Senate proposal that would reduce the share of new Florida public employees who receive a defined benefit pension based on the employee’s salary and years of service. This Reports and Briefing Papers examines the Senate proposal, taking a closer look at how it increases pension costs and puts more employees in underperforming retirement plans.