Elected officials do very well under Florida pensions

From Sun-Sentinel: State and local officeholders are entitled by law to special treatment that allows them to accrue benefits faster and retire with bigger payments than most other workers. Among retirees in the state retirement system, former elected officers collected an average pension of $42,414 last year, nearly three times more than general employees.

Under current rules, Florida judges amass retirement benefits at a higher rate than police officers and firefighters. For elected officials, the accrual rate is 3 percent, and for judges, 3.33 percent, more than double the 1.6 percent applied to teachers and general employees. Only law enforcement and firefighters have a similar rates, 3 percent.

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