State officials told legislators Friday that Gov. Bobby Jindalís proposed changes to the state retirement system likely would result in the loss of knowledgeable workers.
The issue arose during a meeting of the Senate Finance Committee, which is reviewing the governorís $25.5 billion proposed state operating budget for the fiscal year that starts July 1.
The governor wants to make pension system changes, including creating a tiered system that would set retirement age eligibility based on years of employment. Not working until the established retirement age would result in a reduction of benefits.