June 5, 2023, Governor Ron DeSantis signed legislation (SB 7024) that enables Florida’s politicians and bureaucrats to file fake retirement paperwork, allowing them to Triple Dip: collect a paycheck and an interest-bearing pension at the same time to do the same job, and not pay the standard 3% of their salary to the Florida pension program. Instead of allocating tax funds towards essential infrastructure, education, and tax cuts, the Governor and the legislature chose to bolster the bank accounts of politicians and bureaucrats. This taxpayer giveaway extends the pension cash bonus scam from 5 to 8 years, marking a staggering 60% increase! School workers get 10 years of tripledipping!!! These Triple Dippers will now receive 8 years’ worth of pension payments as a lump sum, in addition to lifelong pension and healthcare assistance. Learn more at www.tripledippers.org
Researcher Dave Jaye has meticulously documented how these Triple Dippers exploit their unused days off, cashing them out at their highest final salary rather than the salary when the days off were earned. This artificially inflates their last year’s pay, which directly impacts their pension calculations, resulting in more money extracted from hardworking taxpayers. You can find the list of June 2023 Florida Triple Dippers receiving pension cash bonuses at https://tripledippers.org/fl-cash-outs-june-2023/
This taxpayer ripoff legislation burdens taxpayers with an additional $3.1 billion in the first fiscal year, hampering our economy’s growth. No one in the private sector receives a paycheck and a pension simultaneously for the same job.