Senate Republican Plan to Overhaul Pension Systems (SB1, PN 886): Memo from the Chair

By Bernie Gallagher , Senior Budget Analyst | 6 years ago
Retirement/Pensions Analyst: Patrick Shaughnessy, Senior Budget Analyst

Senate Republicans fast-tracked and passed a complicated, far-reaching and unconstitutional plan to overhaul the state’s pension systems. Ironically, despite claims that the changes are necessary to address the pension debt, according to the actuarial analysis, the plan does not pay off the debt any sooner than the current payment plan, nor does it save any money in the short-term to address the budget deficit. 

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Senate Republican Plan to Overhaul Pension Systems (SB1, PN 886): Memo from the Chair

By Bernie Gallagher , Senior Budget Analyst | 6 years ago
Retirement/Pensions Analyst: Patrick Shaughnessy, Senior Budget Analyst

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