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Ideas flow in on alternatives to initial pension reform plan

MONTPELIER â It was ideas they wanted, and ideas they got.
The Vermont House Government Operations Committee, continuing its work on addressing the state pension systemâs multi-billion dollar unfunded liability, heard proposals from committee members, as well as from fellow House members and the Vermont State Employees Association (VSEA).
The discussion followed days of reactions from stakeholders and experts, and two public hearings in which the committeeâs initial proposal to close the underfunding gap and adjust governance was blasted by enrolled employees.
That proposal, a starting point for discussions, suggested reductions in cost of living adjustments and increases in employee contributions and years worked for eligibility in the system, as a means of cutting the fundsâ nearly $3 billion unfunded liability. Those changes are not popular with teachers and state employees, and the Vermont State Employees Association is planning demonstrations t ....

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Ideas flow in on alternatives to initial pension reform plan

Ideas flow in on alternatives to initial pension reform plan
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United States , Tanya Vyhovsky , Samantha Lefebvre , Eric Henry , Jim Voytko , Beth Pearce , Robert Hooper , Mary Howard , Cynthia Browning , Michael Mrowicki , Scott Beck , John Gannon , Peter Anthony , Sarah Copeland Hanzas , Aimee Towne , Brian Cina , Vermont Pension Investment Committee , Vermont State Employees Association , Vermont House Government Operations Committee , Government Operations Committee , Legislative Working Vermonters Caucus , Vermont Workers Caucus , Bill Huff , Treasurer Beth Pearce , ஒன்றுபட்டது மாநிலங்களில் , சமந்தா லேபெப்விரே ,

Vermont lawmakers seek pension reforms to stem funding shortfalls

Vermont lawmakers seek pension reforms to stem funding shortfalls
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