Friday, June 18, 2010

Dozen state-employee pensions slashed to cut costs

Dozen state-employee pensions slashed to cut costs ScrippsNews
"In an effort to reduce the burden on their budgets, at least a dozen states have passed laws this year overhauling their retirement systems.
Some have created less-generous pensions for newly hired workers.

Others have increased the amount of money employees must pay into their pensions. Some have done both."

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