Side-by-Side Hybrid Pension Plan (Senate Bill 1071, PN 1481): Memo from the Chair

By Bernie Gallagher , Senior Budget Analyst | 5 years ago

As we have seen with previous GOP attempts to “reform” the pension systems, the proposed side-by-side hybrid pension plan (Senate Bill 1071, PN 1481) does not generate any savings in the short-term for the 2015/16 budget, nor does it pay off the pension debt any sooner than the current payment plan. Additionally, despite the pension changes, school districts’ pension payments will continue to increase for the next 20 years.

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Side-by-Side Hybrid Pension Plan (Senate Bill 1071, PN 1481): Memo from the Chair

By Bernie Gallagher , Senior Budget Analyst | 5 years ago

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