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Backlash Puts Vermont Pension Reform on Hold | Chief Investment Officer

Backlash Puts Vermont Pension Reform on Hold
State speaker places public retirement systems proposal on backburner amid furor from state teachers and employees.
A proposed plan to reform Vermont’s public retirement systems has been put on hold after it received a strong backlash from teachers and state employees who said it would force them to work longer, contribute more, and earn less for retirement.
The decision to shelve the plan was announced Friday by Vermont House Speaker Jill Krowinski, who instead called for the creation of a pension task force to look at possible revenue sources, as well as plan and benefit changes to fix the state’s pension problems. ....

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Vermont delays controversial pension-overhaul bill

Vermont delays controversial pension-overhaul bill
bondbuyer.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bondbuyer.com Daily Mail and Mail on Sunday newspapers.

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After union backlash, top Democrat delays pension benefit reform

Facing an angry backlash from Vermont's public employee unions, the top Senate leader said pension benefit reform is on hold for another year. ....

United States , Beth Pearce , Sarah Copeland Hanzas , ஒன்றுபட்டது மாநிலங்களில் , பெத் பியர்ஸ் ,

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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Speaker Krowinski tables pension reform plan | Vermont Business Magazine

Speaker Krowinski tables pension reform plan | Vermont Business Magazine
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