October 27, 2013 at 8:29 AM
State hasn’t paid its share
2008 recession continues to affect those who had nothing to do with it
There is a lot of pressure for the state Supreme Court to overrule lower court rulings on state employee pensions [“Supreme Court: rule against pension lawsuits, Opinion, Oct. 24].
A recent editorial pressures the court to rule against state employees because the state needs the money. What is at issue is a maximum 3 percent cost-of-living raise that starts at ages 67 and 68 and is only granted if there is inflation. This involves an older pension plan where nearly all employees are already retired.
State employees and the state were supposed to equally share in paying into this pension fund. The employees always did, but when times were lean, the state neglected to pay their share, promising to do it later. Of course, they never did. Now it insists on changing the rules after people have already retired. This UCOLA was negotiated instead of pay increases. The economic disaster of 2008 keeps punishing people who had nothing to do with causing it.
Wanda Granquist, Auburn
Trending with readers