A Florida Supreme Court decision upholding the state’s decision to require employees to pay into their own pensions received kudos from key rating agencies this week, with Standard & Poors and Moody’s saying the ruling will save the state hundreds of millions of dollars.
Florida’s high court last week upheld a 2011 law that requires employees in the Florida Retirement System to contribute 3 percent of their salaries toward their pension funds. The law was challenged by the Florida Education Association.
