Re: Bill Gives Public Workers Clout
Someone at the awful NY Times must have heard you people:
Payback Time - In Budget Crisis, States Take Aim at Pension Costs - NYTimes.com
In Budget Crisis, States Take Aim at Pension Costs
By MARY WILLIAMS WALSH
Published: June 19, 2010
Many states are acknowledging this year that they have promised pensions they cannot afford and are cutting once-sacrosanct benefits, to appease taxpayers and attack budget deficits.
Gov. Pat Quinn said an overhaul would save Illinois’s pension system $300 million in its first year. But the fund is weakened.
Illinois raised its retirement age to 67, the highest of any state, and capped public pensions at $106,800 a year. Arizona, New York, Missouri and Mississippi will make people work more years to earn pensions. Virginia is requiring employees to pay into the state pension fund for the first time. New Jersey will not give anyone pension credit unless they work at least 32 hours a week.