1 Comment
Newest
Oldest Most Voted
Inline Feedbacks
View all comments
nixit
10 months ago

COLA’s are not the highest priority in pension reform. Reducing the service year multiplier upon which the initial pension is calculated from 2.2 to 2 would add 3 years to reach full vesting, which is 3 more years of employee contributions and 3 less years of employees drawing a pension. The initial pension amount would be higher due to higher salaries, but that should be offset by the added service years and the trickle down effect on all pensions. Also, I would not allow pension participants to accumulate sick days and count it towards serviceable pension years. Sick days should… Read more »