Excerpt:
bill in the Vermont Legislature aimed at taking on a growing deficit in the state’s pension fund continues to face opposition from teachers and state employees.
At a public hearing on Monday, both groups said they feel blindsided by the bill, specifically the burden it would place on them to reduce the $5.8 billion shortfall in the pension system.
“If this is what it’s like to be a state employee, I’ll tell my kids and my grandkids don’t ever come and work for the state,” said Greg Machia. “I never thought in my 30 years I’d be talking about pensions.”
The legislation would have state employees and teachers pitching in more toward their pension plans, while increasing the age most workers would see retirement benefits.
Author(s): Devin Bates
Publication Date: 29 March 2021
Publication Site: myChamplainValley