Louisiana Proposes Pension Reform Bill
Bill would raise retirement age and add defined contribution element to state pension plans.
Bill would raise retirement age and add defined contribution element to state pension plans.
State’s attorney general says bill violates law, plans to sue when signed by governor.
Proposed changes aimed at eliminating the unfunded liabilities of the state’s pension plans.
Reform backers say proposal would produce $3.4 billion in immediate savings.
State budget bill still on track.
Under new policy, PFRS would shift management from the state to a 12-member board.
Poll reveals massive displeasure with president’s government among Brazilians.
Previous state pension plan changes noted in ruling.
Presidential poll leader awaiting Wednesday trial.
State representative hopes for reversal of population migration trend to battle pension crisis.
Proposals not addressed at state budget meeting.
Bill is being analyzed in accordance with impact on state budget.
Officials hope reform is adopted before next fiscal year begins.
Dozens injured, 60 detained in demonstrations.
Reforms will make it harder for companies to terminate pension-age employees.