The Florida Supreme Court ruled 2011 amendments to the Florida Retirement System constitutional, which means Sarasota County and the Sarasota County Sheriff’s Office won't have to pay roughly $6.5 million total compensation to employees.
State and local government employees challenged the 2011 amendments that required Florida Retirement System members to contribute 3% of their salaries to compensate for the state’s investment in the Florida Retirement System. If ruled unconstitutional, state lawmakers would have had a pay a $2 billion bill to reimburse employees.
“For us, from a budget standpoint, it’s the status quo,” said Sarasota County Director of Finance Steve Botelho.
Prior to the 2011 amendments, the Florida Retirement System was entirely funded by public employer contributions, and retired members received cost-of-living adjustment equal to 3% of the total monthly benefit, calculated annually.
To read the ruling, click here.
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4 Meet the Sky
5 Volunteer Connect Meeting
11:30 am - 12:00 pm
9 Back to School Bash 2014
9:00 am - 12:00 pm
9 Cat Depot Leash Walking Class
12:00 pm - 1:00 pm
Heron East Assisted Living Facility held its second annual “Senior Prom” last month.
Sarasota nonprofits the Boys and Girls Club of Sarasota County and Big Brothers Big Sisters are hosting donation drives. The Boys and Girls Club’s drive runs from July 21 through Aug. 2 and is accepting clothing, shoes, books and small household items for Goodwill Manasota.
Vive La France
The Alliance Francaise held a fundraiser in honor of Bastille Day, or La Fête Nationale, Monday, July 14, at Marina Jack.