Fla. House Votes To Close Public Pensions To Future Workers

Law360, Miami (March 25, 2013, 7:08 PM EDT) -- Efforts to revamp Florida's public retirement system leapt forward Friday when the state House approved a bill to close the pension option to future employees, but with a drastically different bill moving through the Senate, the debate is far from over.

H.B. 7011, sponsored by state Rep. Jason T. Brodeur, R-Sanford, passed the House by a 73-43 vote along strict party lines. The bill would alter the Florida Retirement System, most notably by closing the pension plan, known as the defined benefit option, to all employees...
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