TALLAHASSEE, Fla. (AP) — Florida Gov. Rick Scott says the Legislature's proposed changes to state pensions don't go far enough and wants to move to a 401K retirement plan for state workers.

Scott appeared at a news conference on Tuesday for Floridians for Sustainable Pensions. That group is an alliance of the state's business interests.

The state now fully funds the pension fund and the governor says that is unfair to taxpayers. He wants workers to begin contributing to their retirements like private sector employees.

Continue Reading for Free

Register and gain access to:

  • Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.