Last week, the Florida Supreme Court upheld a 2011 law, Senate Bill 2100, requiring Florida’s public employees to contribute three percent of their pay to the Florida Retirement System (FRS). In Scott v. Williams (Fla. Jan. 17, 2013), the Florida high court held that the law requiring employee contributions was constitutional. The 4-3 decision also affirmed the elimination of the cost of living adjustment (COLA) for service after July 1, 2011. This decision impacts Florida’s more than 600,000 state and local employees, including police officers, firefighters, teachers, and other public employees, as well as state and local governments that faced the possibility of having to reimburse millions of dollars of monies already contributed by employees.
For an in-depth discussion of the law and the Florida Supreme Court’s decision, click here.