Pension reform bill dies in Senate

2014-05-02T00:18:34-07:00May 2nd, 2014|Categories: Pension Reform|Tags: , , |

For the second year in a row, one of House Speaker Will Weatherford’s top priorities, an overhaul of the state’s pension system, failed on the Senate floor. Last year, the plan to steer more state employees toward private pension funds and away from the traditional defined benefit plan was defeated in a 22-18 vote by Democrats and Republicans backed by unions. This year, the measure didn’t even get that far. After a series of legislative maneuvers showed that there [...]