January 25, 2012
Gov. Jindal reveals Pension Reform Plan
Governor Jindal unveiled a dramatic redesign of the state employee retirement plan. The Governor, in three parts, tries to help the state dig itself out of an $18 billion hole. No all state workers are on board.
"Louisiana taxpayers are spending nearly $2 billion just this year in state retirement," said Jindal.
He called the state's current retirement system irresponsible, pointing to out of control costs that are impacting what he calls critical investments in priority areas; like classrooms and healthcare...
LINK - WAFB.com
