Tag: state pension

Employees, retirees beg for pensions not to be cut

Retirees, current state employees and union representatives told members of the Public Employees’ and Retirees’ Benefits Sustainability Commission that financial problems with the pension system are not their fault, and they should not bear the brunt of any changes.

On Monday, commission members spent more than three hours hearing public testimony about what should – and should not – be done to reform the pension and retiree benefits system. The gap was blamed on several causes, from bad state policy and poor investments to the economic crash in 2008.

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