The Herald’s July 16 editorial, Another tough year, states “the public costs of pensions will only continue to bust the taxpayers.” Really? The $91 million increase to Florida Retirement System represents about 1 percent of the operating budgets for the Miami-Dade County government and school district.
The defined benefit plan which is provided to state, county and school district employees by state statute is really the only way to guarantee a decent retirement. It benefits both the retiree and the community.
Irving Gerson, Miami