Lawmakers Hear From Experts On Pension Changes
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.