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July 30, 2014, 12:00 am
970 WMAY News

Labor Coalition Has Pension Plan of Their Own


A coalition of labor unions says its members are willing to pay more to bring the public sector pension crisis under control… if others are willing to do the same.

 

The “We Are One” coalition says members would agree to pay an additional two-percent of their salaries toward pension costs, in exchange for an “ironclad” guarantee that the state will make its required pension contributions in the future.

 

The group also wants to close some tax loopholes and impose some new taxes, with the money also going toward unfunded pension liabilities.

 

“We Are One” says its proposal would be constitutional, unlike other ideas currently pending in the legislature.

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