A pair of recent court rulings could slow down state lawmakers’ efforts to increase contributions from current employees to prop up troubled public pension plans. …. One way to head off legal challenges, public pension analysts say, is to avoid legislation altogether by negotiating higher contributions with public employee unions. Vermont did that in 2010, requiring employees to work longer and pay more for benefits but giving them a fatter pension check in return. “A deal everyone makes doesn’t end up at the courthouse,” says Klausner. “It’s certainly something I’ve recommended — consult with labor. Working out the deal yourself is probably the best solution.”
Courts block efforts at public pension change
Wednesday, February 15, 2012
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