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Nevada Lawmakers Debate Bill to Switch New Hires into 401(k) Plan

Public employee groups, businesses and lawmakers all hotly debated a Nevada bill this week that would make major changes to the state’s pension system. The measure under scrutiny is Assembly Bill 190, which would close off the state’s defined-benefit system and funnel all new government hires into a hybrid plan that more closely resembles a 401(k). The ...
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Omaha Approves Pension Changes; New Plan Goes Into Effect March 1

On Tuesday, the Omaha City Council approved a major change in the city’s pension system. Starting on March 1, all new city hires will be placed into a pension plan that resembles a hybrid between a 401(k) and a traditional pension, as opposed to the defined-benefit plan currently in place. Public safety workers are not affected. The new plan, called ...
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Two Pension Bills Sitting in Pennsylvania Legislature Likely to Resurface In 2015

Pennsylvania’s outgoing governor, Tom Corbett, made reforming the state’s pension system his top priority over the last year. But his plan – which would shift new hires into a “hybrid” plan with characteristics of a 401(k) – failed to enthuse most legislators. Still, two pension bills are still sitting in the legislature, and they are likely ...
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Memphis City Council To Vote on Competing Pension Reform Measures

After postponing a vote earlier this month, the Memphis City Council will vote on two competing pension reform measures at their last meeting of the year Tuesday. Memphis Mayor A.C. Wharton Jr. drew up one of the measures; an alternative to that measure is being proposed by a council member. Details of the measures from Memphis Daily News: Memphis ...
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Memphis Weighs Two Pension Reform Measures

The Memphis City Council meets two times in December, and at one of those meetings they are expected to vote on the two pension reform measures that sit before them. Details on the reform measures, from Memphis Daily News: One version is Memphis Mayor A C Wharton Jr.’s proposal that would move new city employees and those with less than 10 years ...

VIDEO: Pennsylvania Lawmaker Pushes For Hybrid Pension Plan

Republican Rep. Mike Tobash has taken to YouTube to promote his plan for a hybrid pension system in Pennsylvania. The plan was introduced July 2 as House Bill 1353. The group Pennsylvania Needs Pension Reform, which supports the plan and also hosts the above video on its YouTube account, provided a summary of the benefits on its website: What the Plan ...

With Lawmakers In Recess and Elections On Horizon, Pennsylvania’s Pension Debate is Heating Up

Pennsylvania Gov. Tom Corbett has spent the first week of August touring the state as part of his re-election campaign, and he’s using the opportunity to hammer home Pennsylvania’s need to lower the costs of its retirement system, and tout his policy ideas on the subject. One idea that Corbett has frequently proposed is shifting some state workers ...
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