Changes proposed in state pensions

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January 29, 2009

[edit] Changes proposed in state pensions

"Taking away the promise of 3-percent annual pension hikes for retired state workers and public school teachers could save taxpayers as much as $78.6 million next year, according to a just-completed financial analysis of one of Governor Carcieri’s pension-cutting proposals.

Making all but the most senior employees wait until age 65 before they can start drawing a pension could shave another $156.9 million off the annual pension bill paid by state and local taxpayers."

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