Post by Logan on Apr 6, 2016 4:10:21 GMT -6
A plan by the Alaska Senate Finance Committee to require local governments to pay more for public pensions has hit a snag.
Late Sunday, the committee canceled hearings on Senate bills 207, 208, 209 and 210, an interlocking series of proposals whose goal is to boost the local contribution to the public employees and teachers retirement systems.
With less than two weeks left before the scheduled end of the Legislative session, the cancellation is the functional equivalent of a runner stumbling in the 400-meter sprint. It’s possible to catch up — but very difficult to do so.
Speaking Monday morning, staffers working on the bills said actuarial analysis of the bills had come up with unexpected figures, and both lawmakers and staffers had to reconcile the results.
Read more: juneauempire.com/state/2016-04-04/lawmakers-stumble-making-changes-public-pensions
Late Sunday, the committee canceled hearings on Senate bills 207, 208, 209 and 210, an interlocking series of proposals whose goal is to boost the local contribution to the public employees and teachers retirement systems.
With less than two weeks left before the scheduled end of the Legislative session, the cancellation is the functional equivalent of a runner stumbling in the 400-meter sprint. It’s possible to catch up — but very difficult to do so.
Speaking Monday morning, staffers working on the bills said actuarial analysis of the bills had come up with unexpected figures, and both lawmakers and staffers had to reconcile the results.
Read more: juneauempire.com/state/2016-04-04/lawmakers-stumble-making-changes-public-pensions