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Legislators in Standoff Over Pensions

The House is expected to vote Friday to close the Florida Retirement System’s defined benefit plan to new state employees, which would force them to use 401K-style investment accounts, the Palm Beach Post reports.

But the version approved by the Senate Community Affairs Committee on Wednesday favors incentives to use the accounts, rather than a requirement. 

Originally founded in December 2006 as an independent grassroots publication dedicated to coverage of health issues in Florida, Health News Florida was acquired by WUSF Public Media in September 2012.