Tuesday, September 13, 2011

This Week’s Pension Reform Debate

In the face of state unfunded pension liabilities in excess of $17 billion and the concerns raised by the state’s bond rating agencies, the Senate is preparing to act on the pension reform legislation (S.2010, “An Act Providing for Additional Pension Reform and Benefits Modernization”) in a formal session on Thursday.

Below is a brief summary of the major provisions of the bill, which can be viewed in its entirety by clicking here.

SWM Pension 9-13-11