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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20 Bring Them Home for the Holidays Adoption Event
11:00 am - 5:00 pm
20 La Fille mal Gardee Pre-Performance Children’s Buffet
24 What are you doing on Christmas Eve?
7:00 pm - 10:00 pm
26 Lights In Bloom
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Sound of hope
The holiday season hasn’t officially started until our favorite bell ringers return to their posts.
Shoppers and residents were treated to some holiday harmonies by the Senior Friendship Centers’ group, the Second Wind Harmonica Players, in Downtown Sarasota.
Stepping up to the plate
The Cal Ripken Sr. Foundation and the Boys & Girls Clubs of Sarasota County teamed up to bring the anti-bullying event Rachel’s Challenge to Sarasota Dec. 3.