Changes, cuts in state retirement plans clear House
by JORDAN BLUM - Advocate (excerpt)

A legislative package that would effectively reduce retirement pensions for future retired state employees and increase pension contributions for many municipal employees was approved Monday in the House. The legislation was amended to delete a hotly debated measure that also would have increased state employees’ contributions for retirement.

House Bill 530 by Rep. Kevin Pearson, R-Slidell, would reduce pension benefits for state employees by changing how retirement benefits are calculated.

For copies of House Bills 530 and 332, as well as how House members voted on each measure, go to http://www.2theadvocate.com/blogs/politicsblog.