Fitch Ratings and Moody’s Investors Service said this week that the decision by the Florida Supreme Court upholding legislation requiring that employees contribute to the Florida Retirement System is a positive for the credits of the state and its local governments.

The high court released its ruling — overturning a lower court — on the pension reform plan last Thursday, which requires that participating employees contribute 3% of their salaries toward pension costs. It also eliminated cost-of- living adjustments for those receiving pensions.

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