The following question was posed to both Bobby Diaz and Mike Heise earlier today, via email: “as candidates for County Court, Group 10, will you commit to serving a full six-year term if elected, assuming good health?”
Deadline is noon tomorrow, August 14th.
Also, Tallahassee calculated the amounts of Diaz’s DROP and pension, for both this month and the DROP completion date of November 30th, 2019.
… Diaz will earn $619,717.20 upon completion of 60 months in DROP. As of this month, his DROP payment has accrued to $453,534.49.
At the time his DROP participation is scheduled to end, November 2019, his monthly retirement benefit will be $10,692.34. The monthly benefit currently credited is $10,415.29.
So there you have it. With an investable $620,000 DROP pot and an annual pension of roughly $128,304, it seems to make economic sense for Diaz to retire in 2019, particularly if he wishes to supplement his income with mediations or other legal work. However, if money is a secondary consideration to service, the figures are irrelevant.
We’ll let you know what the parties have to say about doing a full six at deadline …