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Showing posts with label pension. Show all posts
Showing posts with label pension. Show all posts

Friday, October 17, 2008

Retired teachers balk at proposed pension changes

Some retired educators are upset over proposed changes to their pensions. The Teachers Retirement System of Georgia board could gain the power decide how much pension payments should increase each year. That would halt a long-standing policy that guarantees 1.5 percent increases twice a year. The governor's office suggested the change out of concern that the retirement fund won't always be as financially stable as it is now. But critics say the move would shortchange retired educators who paid into the pension plans their entire careers.

(Associated Press)

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