Friday, January 7, 2011

LFC says state workers should contribute more

Under a proposal by the Legislative Finance Committee, state employees would put 1.75 percent more of their salaries into the state's pension plans to help shore up the state's budget crisis.

That and other plans are under consideration by the panel today. The average cut to state programs would be 3.5 percent, although some say larger cuts will be needed. Check out coverage here by Barry Massey.

With the shortfall at $400 million, expect pension plans to be just one benefit of state workers that gets an extra hard look this session.

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