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Report: Florida’s pension system on solid financial ground | Florida

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www.thecentersquare.com – By Steve Wilson | The Center Square – 2024-12-31 08:52:00

SUMMARY: Florida’s pension system improved significantly in the past fiscal year, with the Florida Retirement System achieving a 10.52% investment return, boosting its net position to $199.7 billion, up 6.6% from $187.4 billion. The funding ratio increased from 82.4% to 83.7%. Total liabilities rose to $6.06 billion, while employer contributions surged by 15.6% to $6.5 billion. Employee contributions also increased to $923 million. Benefits for retirees climbed 0.9% to $12.36 billion, supporting 459,428 retirees and beneficiaries. The system, which has 659,333 contributing members, offers both a defined-benefit pension and an investment plan option.

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Heavy snow brings widespread disruption across the UK and Germany

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www.news4jax.com – Associated Press – 2025-01-05 04:02:00

SUMMARY: Heavy snow and freezing rain caused significant disruption across Europe on Sunday, especially in the U.K. and Germany. Major airports, including Liverpool’s John Lennon and Manchester, temporarily closed runways. Up to 40 centimeters of snow was forecasted for northern England, raising concerns about isolated rural communities. Power outages affected multiple regions, with the National Grid working to restore electricity. Many roads were preemptively closed, hindering holiday travel. In Germany, warnings were issued for black ice, leading to numerous flight cancellations and transport disruptions. Authorities advised residents to stay indoors due to hazardous conditions.

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Trump appears with Italian Prime Minister Meloni at his Florida club

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www.clickorlando.com – Associated Press – 2025-01-04 23:19:00

SUMMARY:

President-elect Donald Trump hosted Italian Prime Minister Giorgia Meloni at his Mar-a-Lago club in Palm Beach, Florida, following meetings with leaders like Argentina’s President Javier Milei, Canadian Prime Minister Justin Trudeau, and Hungary’s Prime Minister Viktor Orbán. Trump attended a screening of a documentary on challenges faced by conservative lawyers, with Meloni and other key figures, including Marco Rubio and Scott Bessent. Meloni’s visit coincided with tensions between Italy and Iran over the detainment of Italian journalist Cecilia Sala. Meanwhile, President Joe Biden plans to meet Meloni and Pope Francis in Rome to strengthen U.S.-Italy relations.

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Freeze Warning, sunshine, frost and rain for the week ahead

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www.news4jax.com – Jenese Harris – 2025-01-04 16:14:00

SUMMARY: A Freeze Warning is in effect from 11 p.m. Saturday to 9 a.m. Sunday, with temperatures dropping to near or below 30 degrees in Southeast Georgia and Northeast Florida. A Frost Warning is issued for coastal counties and along the St. Johns River, prompting residents to bring plants and pets indoors and to assist the unhoused in finding shelter. Saturday evening will see temperatures in the 30s with clear skies, while Sunday morning will remain frigid but warm up to the 60s by afternoon. Frost is likely during the week, with potential rain early and late in the week.

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