12:54pm

Thu February 7, 2013
All Politics are Local

Pension Reform Bill Clears First Hurdle

A pension reform bill that would move new state employees to a 401(k)-style hybrid plan and eliminate annual cost-of-living increases for retirees cleared its first legislative hurdle Wednesday. The Senate State and Local Government Committee voted unanimously — 10-0 — on Wednesday to pass Senate Bill 2. The measure now goes to the full Senate.