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be Adidas Basketball Shoes 2017 Low problems 20 or so years down the road. He said public employees working under the proposed reduced pension plan eventually will outnumber employees covered by the current plan, and might push politically to get that more generous pension plan.
"I support it as is," Bronner said. "If we come up with any amendments that make it better, then I'm for it. But if we come up with any amendments that hurt public employees, then I would not be for it at all. Then you're going to be below the norm" for the Southeast, he said.
Bentley stressed that the changes would affect only public employees hired starting early next year. "It only affects new hires," he said.
"This appears to be an effort to improve the solvency of the retirement systems, guaranteeing the promised pensions for everyone who's in the system today, and I certainly think that is a positive," he added.
"If by politics that were to happen, you could end up with a funding problem at that time," McArthur said.
"The economic realities of recent years have made it clear that steps need to be taken now to ensure the long term solvency of Alabama's retirement system," Bentley said. "The measures we are proposing will protect the retirements of hard working Alabamians who are depending on the system."
MONTGOMERY The state would save $5 billion over 31 years in estimated pension costs under a plan announced Wednesday by Gov. Robert Bentley and legislative leaders.
David Bronner, chief executive of the Retirement Systems of Alabama, said he supported the trimmed pension package for new hires, saying their benefits still would be comparable to those offered public employees by other Southeastern states.
Mac McArthur, executive director of the Alabama State Employees Association, said he was generally supportive of the plan. "I think on the whole, it is a positive," he said.
"You are not affecting current employees. I certainly think that is a positive," McArthur said.
Sponsors of the plan said it would be filed today in the Legislature.
Robert Bentley (The Huntsville TImes/Bob Gathany)
Under the plan, covered public employees hired in early January 2013 or later would:
Have to turn 62, or 56 for state police, before they could start collecting a state pension. Now, the great majority of the state's public employees can retire and start collecting a pension at any age after working at least 25 years. Also, employees can retire and start getting a pension at age 60 after working at least 10 years.
Mabry also said he worried that less generous pensions for public school employees hired starting next year "may have a somewhat negative impact on attracting the best to the teaching profession."
But McArthur said there could Adidas Boost Yeezy Black
The plan would save the state money by reducing pension benefits for employees of state agencies and public schools, colleges and universities who are hired starting in early Adidas Boost White Mens
Henry Mabry, executive secretary of the Alabama Education Association teachers' lobby, said in a written statement, "No one currently serving in our public schools will see their benefits change."
Alabama governor Adidas Boost Golf
announces plan to trim pensions for new public employees
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