Letters to the Editor

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No more IOU’s on Florida’s pensions

 

Letter writer Mike Burke wants to expand Social Security for state workers in lieu of discarding the defined benefit plans in force.

How has that worked on the federal level?

Do you really want your money diverted to fund deficits in exchange for IOU’s ?

Another idea is to keep the defined benefit using only base pay in the computation and establish a retirement age of 60-65 for when benefits can be paid.

That way the obligations that have ravaged the system will not be repeated.

The unions subordinated the current system of piling on overtime just before the 25- to 30-year retirement deadline, and the locals responsible for the oversight were too busy getting re-elected and getting their share of union dues to object.

Mike Melnick, North Miami Beach

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