Local News

Major Sticking Point In Pension Reform Removed

A MAJOR STICKING POINT IN THE BATTLE OVER PENSION REFORM IS BEING REMOVED.

BOTH THE HOUSE AND SENATE ADJOURNED WEDNESDAY WITHOUT TAKING ACTION ON EITHER OF TWO PENSION BILLS. BUT NOW WITH THIS CHANGE…PASSAGE IS MORE LIKELY. THE BIGGEST HURDLE HAS BEEN A PLAN TO GRADUALLY REQUIRE SCHOOL DISTRICTS AND COLLEGES TO PICK UP THE TAB FOR TEACHER PENSIONS. RIGHT NOW…THE STATE HAS THAT RESPONSIBILITY. AND WHILE HOUSE SPEAKER MIKE MADIGAN STILL FAVORS THAT APPROACH…HE’S MET RESISTANCE FROM REPUBLICANS…AND NOW THE GOVERNOR.

[audio:nowhere.mp3] [/audio]

BOTH PENSION BILLS GIVE STATE OFFICIALS…EMPLOYEES…LAWMAKERS AND TEACHERS TWO CHOICES IN HOPES OF SAVING MONEY AND MAKING UP FOR YEARS OF UNDERFUNDING THE STATE’S PENSION SYSTEMS.

Townhall Top of the Hour News

Local Weather - Sponsored By:

CLINTON WEATHER

Local News

DeWittDN on Facebook