The proposed changes would make public employees work longer hours and contribute more money. When it was time to receive the pension, there would be less.
The proposed budget has $150 million for the pension program.
“We just have to take a look, do the best we can to protect those who are heavily invested,” Governor Phil Scott said on Friday. “We’ll come to some conclusion hopefully they come through but these are difficult times when the majority party is faced with this much pushback.”
This plan, brought forward by Democrats, is receiving heavy backlash from the teachers and police unions.
Author(s): Carolyn Sistrand
Publication Date: 30 March 2021
Publication Site: NBC 5