fbpx

Senate Bill 1310 (Cost of living adjustment)

What the Bill Does

SB 1310 restores cost-of living adjustments that were stripped from FRS when austerity measures were passed in 2011.

Employees who are part of the FRS pension plan, who were employed and part of the pension plan prior to July 1, 2011 and who retire or retired on or after July 1, 2011 shall receive an annual cost of living adjustment (COLA) of not less than 2%.

This applies both to those who are currently retired within the dates specified above as well as the retirement of those who are still working but earned FRS credit prior to July 1, 2011. 

What’s Next

SB 1310 has been assigned to the Government Oversight and Accountability Committee but has not yet been placed on an agenda.

Companion Bill

HB 1023

Vote History

n/a

Our Position

We support this bill.

Talking Points

  • In 2011 lawmakers changed the rules for employees who had selected the pension option for their retirement benefit.  This change eliminated the Cost of Living Adjustment (COLA) for any new employee hired after July 1, 2011, but it also froze the COLA rate for anyone currently working.  This meant, the promise of retirement security for those already working under the Florida pension system was broken.  This bill restores that promise.   
  • After a lifetime of serving the public, educators deserve to live in dignity when they retire. This small cost of living adjustment will help to make sure retired educators are able to afford to live independently and enjoy their retirement without having to seek out employment in their golden years.  
  • As the largest employer in most of Florida’s 67 counties, the financial health of the county as a whole cannot be separate from the financial health of retired school employees. Providing this COLA, therefore, not only helps the retirees to afford to survive it helps small businesses and every other place retirees spend their money. 
  • Florida not only leads the nation in number of retired persons, italso leads the nation in retired persons living in poverty—it is time to end this national shame. One way to do so is to ensure that educators who have dedicate their live to helping Florida and Florida’s students have at least a minimal cost of living adjustment. 

Video Updates

n/a

Locked out, but never knocked out

Despite pandemic restrictions, FEA members found numerous ways to speak up for students, public education, and our freedoms and working conditions

Read more about this story

Cover Story: The advocate’s advocate

From the time he entered the classroom in 1958, Ulysses Floyd has been working to improve conditions for Florida’s students and educators.

Read more about this story

Andrew Spar: We continue the fight for Florida to ‘Fund Our Future’

So many of the events of the past year have had a profound effect on our lives. I’d like to begin with a review.Last January, we came to Tallahassee and…

Read more about Andrew Spar: We continue the fight for Florida to ‘Fund Our Future’

Rule must show our students and educators some respect

The Florida Education Association believes that all our students deserve the best education possible. We believe further that educators deserve professional respect — for their earned expertise in teaching, for…

Read more about Rule must show our students and educators some respect

A good budget for the times, but significant investment still needed

Given the challenges presented to Florida’s finances by the coronavirus pandemic, the state budget signed today stands as a victory for public education — with caveats.  

Read more about A good budget for the times, but significant investment still needed

Federal funds can lift up all the people in our schools

Teachers, education staff, parents and our communities have come together over the past 14 months to ensure that our students had as much support as we could offer. The Florida…

Read more about Federal funds can lift up all the people in our schools