In what is supposed to be a lean budget year, the Senate Finance committee passed S. 1124 which calls for an automatic increase of State Employee retirement COLA (cost of living adjustment) of 2% every year. I was open to this notion at first. This is all well-and-good for our dedicated state employees, but here’s the big catch: it includes the retirement for members of the General Assembly. Upon further research, I have found how the retirement system for legislators is superior than that of our teachers and our D.O.T. crewmen. It would be good for us to reconsider the inclusion of the General Assembly’s system in this increase.
Here’s the basic difference between the Legislator’s Retirement and the State Employees retirement.
State Employees: 1.42% x years of service x salary
You’re going to make your buddies unhappy with this exposure, press on Senator!
Senator, Keep doing the right thing, this is stupid, we have greater piorities and what happended to service above all else?
Kevin, did you hear what happened today in the House? Go check out the Journal…how does a vote that goes 70-20 one way get called the other way on a voice vote? Things that make you go hmmmm…