The Florida Supreme Court has sided with the Legislature in upholding a Law requiring government employees to contribute 3% of their pay towards their retirement plans.
The 4-3 decision allows lawmakers to collect up to $2 billion by June 30, 2013; the end of the State’s Fiscal year.
DCSMEC disagreed with this ruling as we believe that using middle class workers in this State to balance the budget is wrong. However, as a nation of laws we respect the Court’s decision.
We hope the Lawmakers in this State do not forget that the savings “come from the backs of hard working middle class Americans” who are active members of FRS.
To get full details on court ruling visit http://www.miamiherald.com /2012/01/17/3187217/florida-supreme-court-upholds.html