State Rep. Brent Yonts http://wfpl.org en House Committees Makes Major Changes to Pension Reform Bill http://wfpl.org/post/house-committees-makes-major-changes-pension-reform-bill <p></p><p>The state pension system would not transition to a hybrid 401K-style&nbsp;plan in an amended version of the pension reform bill.</p><p>The amended bill&nbsp;<span style="line-height: 1.5;">also only allows plans to set up a new 11-person committee to provide direct oversight over the pension systems.</span></p><p><span style="line-height: 1.5;">And cost of living adjustments are no longer banned under the bill, but can only be allowed if there is a surplus in the retirement systems or if lawmakers prepay for the expense.</span></p> Tue, 26 Feb 2013 19:18:31 +0000 Kenny Colston 4210 at http://wfpl.org House Committees Makes Major Changes to Pension Reform Bill