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Here’s The Scoop…Local Pensions ……Not To Worry…

Search: Employee pensions offered by local

governments in Broward County

Local Government Type of pension plan/Status in 2007 Type of pension plan/Status in 2000
Lauderdale-By-The-Sea Participates in the Florida Retirement System, which has enough money to cover its obligations. Participated in the Florida Retirement System.
‘Nine other municipalities and Broward County

Coconut Creek, Hillsboro Beach, Lauderdale by the Sea, Lauderdale Lakes, Margate, North Lauderdale, Pembroke Park, Weston, West Park

Offer individual investment accounts or participate in the well-funded Florida Retirement System.

The individual accounts are similar to a 401(k), and the payout is affected by investment gains or losses.

The state system provides employees with a choice between a guaranteed monthly pension or an individual investment account.’

BCbythesea…looks like the Manager was on top of things for pensions…although this writer is still awaiting the answers for the “pool” payment penalties incurred….

more to come…

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