Pension News
Federal proposals would impact Florida’s retirement fund | Opinion
Tallahassee Democrat June 6, 2022
'Congress is currently considering shortsighted proposals like S. 2992 that attempt to clamp down on tech companies that operate online platforms and marketplaces. However, lawmakers and other critics fail to recognize the real victims of their efforts: hard-working Americans counting on pensions to see them through their retirement years.
Radical proposals to overhaul federal antitrust laws would cost some 27.9 million teachers, firefighters, nurses, and other public employees almost $4,000 per person in lost retirement benefits. Here in Florida, it would hurt even more, with a long-term impact of $4,146 each, according to an analysis by the Computer & Communications Industry Association.'
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Radical proposals to overhaul federal antitrust laws would cost some 27.9 million teachers, firefighters, nurses, and other public employees almost $4,000 per person in lost retirement benefits. Here in Florida, it would hurt even more, with a long-term impact of $4,146 each, according to an analysis by the Computer & Communications Industry Association.'
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Florida pension fund loses $200M in Russian investments, state rep. says
A Local NBC Outlet May4, 2022
TAMPA, Fla. (WFLA) — In the intervening months since Russia invaded Ukraine, oil prices have risen, inflation has increased, and the state of Florida has reportedly lost millions due to investment in Russia. Even before the losses, Florida Democrats had urged the state to divest itself from the money it’s invested in Russian companies.
Now, Democrat Andrew Learned (D-Brandon) says the state’s pension fund has lost $200 million from its investments in Russia, following sanctions on the country due to the war. The state reportedly has $300 million invested in Russia-based companies.
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