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Lawmakers Differ on Fix To Pension Shortfall

Taxpayers are now on the hook for nearly $113 billion for public sector pension, according to the latest Auditor General Report, but not every reform idea is going to stick.

Democratic Representative Mike Zalewski (zah-LESS-key) says lawmakers should have put a reform measure on the books after the state Supreme Court struck down a previous measure last May.

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Zalewski would like to see a dedicated revenue stream solely for pensions and thinks lawmakers need to extend the payment arc. Republican Representative Tom Morrison says that would just kick the can further down the road. Morrison suggests moving the General Assembly Retirement System to a defined contribution model to make other pension reform proposals more palatable.

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Other ideas Morrison floated include developing a defined contribution plan for new employees and getting a constitutional amendment to address the pension crisis moving forward.

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