No Change to Employee Healthcare, Retirement or other Benefits or Contributions
Union leaders and the Governor have arrived at a plan that DOES NOT impact retirement benefits or employee contributions. This is a pension funding change which will ensure that future pension obligations can be met and the pension system remains stable. This plan will still need approval from the legislature.
We are all aware that the pension fund is far below "fully funded" status. The Governor had been aiming to pay off the unfunded liabilities by 2032 through increasing annual pension payments. Each year, the