Detroit's bankruptcy, helped in large part by the city's pension crisis, is the latest indicator that Florida MUST TAKE ACTION or face serious consequences. Consequences DETROIT knows all too well. https://www.facebook.com/flchamber/posts/10152131304336501
First of all, traditionally many public sector workers took lower wages in exchange for a pension. Next two years ago when Tallahassee took three percent of teacher's (and other public sectors workers) wages, they said it was to shore up the pension but instead they used it to balance the books and finally Florida’s pension funds is one of the best around and amazingly healthy.