Fla. Supreme Court hears arguments on pension-system changes

09/7/2012 | Bloomberg · Pensacola News Journal (Fla.)

Legal arguments over Florida's decision to require public employees to put 3% of their salaries toward pensions were heard last week by the state's Supreme Court. Workers say the change violates their constitutional rights, while the state contends it has a right to change benefits and that the alterations were needed to save $1 billion in pension costs amid financial turmoil. It could be several months before the court rules in the case.

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Bloomberg · Pensacola News Journal (Fla.)

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