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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Author: Rick Outzen

Rick Outzen is the publisher/owner of Pensacola Inweekly. He has been profiled in The New York Times and featured in several True Crime documentaries. Rick also is the author of the award-winning Walker Holmes thrillers. His latest nonfiction book is “Right Idea, Right Time: The Fight for Pensacola’s Maritime Park.”