Gambling With State Worker's Retirement?

04/29/13 Robert Lorei
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Good afternoon, welcome to The Last Call. I’m Rob Lorei. Coming up today- A coalition of groups in Florida is taking aim at a plan in Tallahassee to shift more public employees into a 401(k)-like retirement plan. We heard a moment ago on the news that House Speaker Will Weatherford hopes that he can get a mandatory 401K plan for state workers passed this week in the last days of the legislative session.

We’re joined now by Alan Stonecipher who is director of the Florida Retirement Security Coalition.

Your study found:

“The state’s defined contribution plan has lower investment returns than its defined benefit pension, according to a Keystone Research Center study released today with the Florida Retirement Security Coalition.”

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