Officials warn legislators on pension changes
by MICHELLE MILLHOLLON - Advocate (excerpt)

State officials told legislators Friday that Gov. Bobby Jindal’s 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 governor’s $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.