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September 22, 2014, 5:19 pm
970 WMAY News

Pension Reform Plan Shifts Burden To Teachers


A new bipartisan pension plan is taking shape under the Capitol dome.

 

House Republican leader Tom Cross and top Democratic Representative Elaine Nekritz are co-sponsoring the plan… which aims to reduce pension costs by requiring public sector workers to pay more, delaying cost-of-living increases, and placing teachers hired after 2013 into a “hybrid” plan that combines elements of both “defined benefit” and “defined contribution” systems.

 

The sponsors say their plan is gaining momentum at the Statehouse… and also contend that it will be found constitutional by the courts.

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