The in box. Florida’s Governor Scott and Illinois’ Governor Quinn. Common pension views.
May 7, 2012
Ken Previti sends along this pension information:
FACT: Below is an excerpt and a link to the full Sunshine Review article about the Scott legislation that the courts just ruled as unconstitutional regarding teacher pensions. (This will continue to be argued in higher courts.) It is an ALEC boilerplate legislation that is so similar to Quinn’s proposal that only a fool could claim it as coincidence.+++On March 6, 2012, the Circuit Court for the Second Judicial Circuit in and for Leon County, Florida, granted the Motion for Summary Judgment by Plaintiffs, holding that portions of Senate Bill 2100 imposing a 3% mandatory employee contribution and eliminating COLA for future services are unconstitutional as applied to individuals who were members of the FRS prior to July 1, 2011 and defendants are permanently enjoined from implementing these provisions as to such individuals. Circuit Court Judge Jackie L. Fulford ruled that certain provisions of the bill signed by Gov. Rick Scott in May 2011 are unconstitutional. Fulford stated in the ruling that the law constitutes “an unconstitutional impairment of plaintiffs’ contract with the State of Florida, an unconstitutional taking of private property.”
Ken’s entire post can be found on the Illinois Teachers and Neighbors United site.