The Governors Pension Proposal
Governor Carcieri’s proposal has two major ongoing items relating to non-disability pensions…
- Elimination of cost-of-living adjustments for state and municipal employees who retire after April 1, 2009.
- Establishment of a minimum retirement age of 59 for state and municipal employees, including teachers, to be eligible for retirement.
And if I understand this properly, the plan calls for local communities to make only 25% of their scheduled pension contributions. Correspondingly, state education aid to each city and town will be reduced by the amount deferred.