Our pension system NEEDS reform!
It's time to act!
Our state faces a crisis with OVER $6 billion in unfunded liabilities. Lawmakers need to take action now to get us out of the hole we are currently in.
SB 72 is a bill that puts our state on the right track. The pension is currently at 69% of necessary funding. At these levels, and due to past mismanagement, the fund is in danger of a "death spiral" in the event of economic downturn.
These changes are essential to the long-term solvency of our state’s pension: over the next 25 years, it’s expected to cut nearly all of the $6.3 billion unfunded liability, which would fall on taxpayers if not funded.
There is more work to do, but this is a first step towards shoring up our pension system.
Share and Recruit
Connect your social media accounts to start sharing with friends.
Share and Recruit
Are you sure you want to unlink your account?
Share and Recruit
This post cannot be shared on Twitter as it exceeds the character limit.
Ask to Volunteer
Our state faces a crisis with OVER $6 billion in unfunded liabilities. Lawmakers need to take action now to get us out of the hole we are currently in.
SB 72 is a bill that puts our state on the right track. The pension is currently at 69% of necessary funding. At these levels, and due to past mismanagement, the fund is in danger of a "death spiral" in the event of economic downturn.
These changes are essential to the long-term solvency of our state’s pension: over the next 25 years, it’s expected to cut nearly all of the $6.3 billion unfunded liability, which would fall on taxpayers if not funded.
There is more work to do, but this is a first step towards shoring up our pension system.