Changes to state worker pension plan increases retirement age, payments

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wwltv.com

Posted on April 24, 2012 at 7:05 AM

WWLTV.com
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BATON ROUGE, La. - Changes to the state worker pension plan will make for a fiery second half to the legislative session.

On Monday, state workers demonstrated outside of the state capitol, and on Tuesday house lawmakers are expected to take up the initiative.

The measures would raise the retirement age to 67 and require state workers to pay another 3 percent into the state's general fund.

"This is bad for the states taxpayers. It's going to rise costs to the state's retirees. It's going to put their retirement security at risk," said Jan Moller of the Louisiana Budget Project

The Jindal administration said the plan will help balance the budget.

The measure would affect about 50,000 state workers and public college employees.

Law enforcement and teachers would be exempt.

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