DROP UPDATE:  GOV. VETOES HB5607

Governor Charlie Crist vetoed HB 5607, a proposal to reduce the annual interest rate for those state workers who enter the Deferred Retirement Option Program on or after July 1, 2010. 
Crist said his decision to veto
HB 5607 -- which would have lowered the annual DROP accrual rate from 6.5 percent to 3.0 percent -- was because it surfaced late in the session and should not have been "rushed through the process."   Click here for veto letter from Gov. Crist.