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The association for administrators, district superintendents, principals, assistant principals, supervisors and those who support the public schools of Florida. |
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MESSAGE FROM EXECUTIVE DIRECTOROriginally published Friday, March 5, 2010.  The big news from Tallahassee this week is that the Florida Retirement System, FRS, is under an unprecedented attack. A number of bills have now been filed and all propose significant changes to FRS. I have received many emails and calls about what this means for school leaders. First, please know that the majority of these changes will NOT impact you if you are already an FRS member, or in DROP. But it seems almost certain that we will see some change to FRS for all future hires. The bills that have been filed will affect new hires after some future date, generally on or after January 1, 2011. Examples are: defined benefit option will not be available; retirement age is increased and length of service to be eligible for retirement is increased; and one bill will require a partial contribution by the employee while simultaneously reducing the percentage contributed by the employer. FASA's Juhan Mixon and his team believe that it is early in the session and Committees in the Senate and House will consolidate the various bills into committee bills and include some of the concepts in the filed bills. We understand the Senate may release a comprehensive retirement bill soon. FASA wants to relieve the concerns of those who are presently enrolled in FRS. Should the legislature try taking away a vested property right retroactively; FASA will take it to court on your behalf; and we believe we would be successful. However, we think the legislature also knows this case law and it will not come to that. For a quick look at all the FRS bills filed so far click here: Also, in FASA's next Legislative Video Update, Juhan Mixon will speak to you directly about these FRS bills. Have a great Day! Jim Warford To send Jim a message, click here. Previous Messages from the Executive Director
March 5, 2010
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