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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5 HOLIDAY BAZAAR
10:00 am - 5:00 pm
5 Siesta Key Association Board Meeting
5:00 pm - 7:00 pm
5 Wine, Dine, and Pine
6:00 pm - 8:00 pm
6 Holiday Shopping with Artist Elizabeth Van Riper at the Sarasota Ritz Carlton
9:00 am - 6:00 am
6 Holiday Boutique
9:00 am - 4:00 pm
6 37th Annual 1st Friday Art Walk "Taste of the Season"
6:30 pm - 9:00 pm
6 Republican Women's Club Luncheon
7 16th Annual Jingle & Jog 5K Race/1K Walk-Run
7:00 am - 11:00 am
The Rotary Club of Sarasota Keys is seeking volunteers from now through Dec. 24, to help man its Salvation Army kettle bell during the holiday season.
In honor of our servicemen and women, Stoneybrook Golf & Country Club held its 10th annual Armed Forces Cup Friday, Nov. 8.
Boys & Girls Clubs of Sarasota County will receive $13,000 from the Comcast Foundation for its participation in Comcast Digital Connectors 2013-2014.