OPINION: Pension bills cut benefits, will have minimal impact on system healthDecember 19, 2018 |
by Jason Bailey
The two pension bills introduced last night in the hastily-called special session (House Bill 1 and House Bill 2) include many of the benefit cuts that target future and current teachers and employees included in Senate Bill 151, the sewage bill. The bills do not include an actuarial analysis as required by law. But given the similarity to SB 151, they are expected to have an immaterial impact on the system’s fiscal health.