Lawmakers Hear From Experts On Pension Changes

01/18/10 6:06AM

Two experts for the Vermont State Employees Association say proposed changes to the employees' pension system are unnecessary and perhaps illegal.

The Legislature is considering recommendations from a special commission that include raising retirement ages, altering calculations that determine benefits and increasing employee contributions. A legislative committee on Friday heard from Gerald Friedman, an economics professor, and Beth Robinson, a lawyer who analyzed the constitutionality of the changes.

The Burlington Free Press reports that Friedman said he didn't see a crisis requiring the changes. And Robinson said the changes would lead to lawsuits.

Treasurer Jeb Spaulding led the commission. Spaulding disputed both claims.


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