Florida Governor Rick Scott thinks state workers should move to 401Ks

Gov. Rick Scott says the Legislature's proposed changes to state pensions don't go far enough and wants to move to a 401K retirement plan for state workers.

Scott appeared at a news conference on Tuesday for Floridians for Sustainable Pensions. That group is an alliance of the state's business interests.

The state now fully funds the pension fund and the governor says that is unfair to taxpayers. He wants workers to begin contributing to their retirements like private sector employees.

State employees may soon be contributing to their pensions for the first time under a bill passed last week by Florida lawmakers amid union opposition.

The legislation would establish a tiered-system requiring higher paid employees to put a larger percentage of their earnings into their retirement.

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