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Florida Senate approves changes to public retirement system

Apr 08, 2021 - The Miami Herald

A proposal pushed by the leader of the Florida Senate to close the state's pension plan to most new enrollees won approval Thursday from the Republican-controlled chamber, but its fate was uncertain as it headed to the House for possible consideration.

Senate President Wilton Simpson has made the legislation a priority, calling the state’s pension fund “the single largest threat to Florida’s balance sheet.”

He said the measure was meant to keep the pension fund solvent as its...