| 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.
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