Sunday, January 11, 2009

Pension System in Need of Reform

As if the public needed any more convincing that the state pension system needs an overhaul along comes today’s story to highlight yet another little known provision which gives every public employee a bad name.

The Republican Caucus as part of its 2009-2010 legislative package is setting its sights on some much needed reforms including theses so-called Section 10 pensions the Boston Globe highlights today.

The economy and the state’s fiscal mess demand action on these over the top pension abuses.

Three of our members will be examining the state's pension policies on the Special House Committee on Pension Reform. Those members are Representatives Robert Hargraves, George Peterson, Jr. and Todd Smola.