Analysis: The fight over funding public-sector pensions
BURLINGTON, Vt. (WCAX) - Vermont teachers and other public-sector employees are sparring with lawmakers over a plan to fix the state’s chronically underfunded pension plans.
The retirement fund for teachers and state employees has been underfunded for years and now it’s $3 billion short. House Democrats want workers to contribute more and get smaller payouts. Teachers held informational pickets this week arguing that “pensions are a promise.” But are they?
Dom Amato spoke with Joe Brennan, an employment law expert at the Vermont Law School about the divisive issue.
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