State and local government workers
and educators could see their take-home pay shrink in the next several years
under proposals to have them contribute more of their salaries for retirement
benefits.
A legislative panel on Wednesday endorsed a pair of proposals
to shore up the long-term finances of two programs for public employees — the
retirement system for educators and a separate program offering health
insurance to retirees from state and local government jobs as well as public
schools and universities.
One proposal calls for nearly 62,000 educators to pay
an extra $46 million over two years into their pension system. Under another
measure, 133,000 public employees, including educators, would pay $30 million
over three years for retiree health care while taxpayers pay $60 million more.
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