Sen. Tom Courtney, a Burlington Democrat and chairman of the pension committee, expects a bill will be introduced in the Legislature’s 2014 session to make changes in the pension programs, but the details are yet to be decided.
“I don’t want to cut our police and firemen pensions, and I don’t want to increase their contributions. So we need to take a really hard look at this,” he said.
Any changes should be carefully considered and bipartisan, said Rep. Dawn Pettingill, R-Mount Auburn, who shares chairmanship duties with Courtney.
“I think we have been very responsible, and I don’t want any knee-jerk reactions,” Pettengill said.
Some states have reduced benefits for future employees or increased required contributions from workers. A few have gone to a new plan that shifts part of the risk to employees by combining the pension with a 401k type plan.