Fla. Panel OKs Retirement Plan Overhaul Bill

Law360, Miami (March 14, 2013, 7:37 PM EDT) -- A Florida House committee advanced a bill Thursday that would overhaul the state's primary public workers retirement program, with its sponsor touting the addition of disability and death benefits but still facing a slew of questions and doubts from critics.

H.B. 7011, sponsored by state Rep. Jason T. Brodeur, R-Sanford, would alter the Florida Retirement System, most notably by closing the pension plan, known as the defined benefit option, to all employees enrolling starting Jan. 1, 2014, and requiring them to join a 401(k)-type defined contribution...
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