The Jan. 28 article, Eliminate new Florida pensions, informed us that Florida House Speaker Will Weatherford wishes to eliminate defined benefit retirement programs for new state employees and replace them with 401(k) plans. That way, people can gamble their retirement away in the Wall Street Ponzi game, while providing even more concealed funding for the GOP.
Here’s another idea: Mandate state and local government participation in Social Security. That way, we will all know the money will actually be there for retirement. In the meantime, the state and cities like Miami Beach could be encouraged to participate in Social Security by suspension of all federal funding.
Mike Burke, Miami Beach