Contact: Dave Jaye, Researcher, https://tripledippers.org/ 586-488-5177 dave.jaye55@gmail.com

Statewide, 798 Retired Florida Public Employees are taking $100 Million in pension cash bonuses as these 798 Bureaucrats retire for a second time this in July 2022. The Highest Cash Bonus Payout is $811,559 and 408 are over $100,000.

“Triple Dippers are ‘Public Servants’ who take a salary plus huge benefits and a pension earning interest at the same time to do the same job! Triple Dippers are the only Florida Public employees who don’t pay 3% of their salary into the Florida retirement system-cheating taxpayers out of $62.8 Million! No private company allows such abuses. Add the Cherry on the top – these Triple Dippers are cashing out their unused days off at their final highest salary, not the salary when the days were earned taking more money from taxpayers and artificially increasing final year’s pay on which their pensions are calculated. Collecting a paycheck and a pension at the same time, Triple Dippers can afford to delay Social Security which then increases 8% per year to age 70. That’s about a 40% increase in Social Security payments! Triple Dippers is formally called the Deferred Retirement Option Program (DROP).

These Triple Dipper cash bonuses are taking money from schools, roads and tax cuts. Replacing these over -the-hill retired Triple Dippers with freshly educated and trained employees would save approximately 40% around $902.8 Million which could be spent on schools, roads and tax cuts”, stated Dave Jaye. “Giving “Public Servants” a paycheck and a pension at the same time to do the same job has led to $36 Billion in unfunded Florida Retirement obligations, a $1,675 liability for every man, woman and child in Florida! https://alec.org/publication/unaccountable-and-unaffordable-2020/ “The Pot of Gold for these Triple Dippers are paid for by Taxpayers who are turning green with illness worrying about the $36 Billion in unfunded Florida Retirement obligations.

This abuse of taxpayers must stop.