A Republican-led push to shift Virginia’s public employees toward a 401(k)-style retirement plan could cost the state up to $25 million, a new report says.
While Governor Jindal has been pushing to increase the contribution rates and minimum retirement age for state employees, an article in The Advocate reveals that under Jindal’s same pension proposal, he would exempt himself and elected officials from such changes.
From the Department of Crazy-Sounding Ideas Dismissed Too Quickly: Democrats recently introduced new legislation that seeks to provide pension plans for private sector workers.
A law firm hired by the Louisiana Legislative Auditor’s office to review Gov. Bobby Jindal’s recommended overhaul of retirement benefits for rank-and-file state employees says key proposals are likely to be ruled unconstitutional.
The Committee to Save New York, a pro-Cuomo coalition of business leaders, real estate magnates and a private-sector labor union has bought $4 million in air time for ads praising the Democratic governor’s agenda, according to a source watching the ad buy database.
National Public Pension Coalition Calls on Elected Leaders to Make Wall St. Insiders & Billionaires Pay Their Fair Share, Not Team Up With Them to Slash the Retirement Security of Teachers, Cops, & Firefighters