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Fraternal Order Of Police Latest To Oppose Pension Overhaul

florida state fop

The latest opposition to the Republican-led Legislature’s pension reform efforts is the Florida Fraternal Order of Police. First responders would be exempt under any changes lawmakers’ hope to make to the Florida Retirement System, but the group’s President James Preston says he and his fellow officers are still opposed.

“If you take a block of people out of that system, there’s no fresh money coming in and eventually it will collapse. We don’t want to risk our officers’ retirement security and their futures, yet we stand with all the Florida Retirement System workers in opposition to this bill, not only because all of our public servants deserve to retire with dignity, but also because the closure of FRS hurts all of us," said Preston.

The House does not yet have a proposal, but the Senate has two proposals already advancing. It includes a proposal that eliminates the traditional pension plan for new employees hired after July of next year. They’d be steered into either the 401K-style investment plan or a “new cash balance” option, a hybrid of both investment and traditional pension plan. Current employees won’t be affected.

Stay tuned to Friday's Capital Report for more on this story! CLICK HERE for the story!

For more news updates, follow Sascha Cordner on Twitter: @SaschaCordner.

Sascha Cordner has more than ten years of public radio experience. It includes working at NPR member station WUFT-FM in Gainesville for several years. She's worked in both radio and TV, serving in various capacities as a reporter, producer and anchor. She's also a graduate of the University of Florida with a bachelor's degree in telecommunications. She is the recipient of 15 awards from the Associated Press, Society of Professional Journalists (SPJ), and Edward R. Murrow. Her award-winning stories include her coverage on the infamous “Dozier School for Boys” and a feature titled "Male Breast Cancer: Lost in the Sea of Pink." Currently, Sascha serves as the host and producer of local and state news content for the afternoon news program "All Things Considered" at WFSU. Sascha primarily covers criminal justice and social services issues. When she's not reporting, Sascha likes catching up on her favorite TV shows, singing and reading. Follow Sascha Cordner on Twitter:@SaschaCordner.