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July 30, 2014, 2:14 pm
970 WMAY News

Pension Crisis Focus of General Assembly Special Session


The pension crisis moves to center stage today at the State Capitol, as lawmakers meet in a scheduled one-day special session intended to begin addressing the state’s 83-billion-dollar unfunded pension liability.

 

But there is no clear consensus on how to start.

 

Even a bill that has already cleared the Senate is in trouble, after Senate Minority Leader Christine Radogno withdrew her initial support of it, saying she now believes it won’t be sufficient to avoid a credit downgrade.

 

Republicans also object to an alternate Democratic plan that would shift the state’s pension costs for teachers to local school districts.

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