Employee pension bill moves to Senate floor
Advocate (excerpt)

Gov. Bobby Jindal’s proposal to move new state employees to a 401(k)-type pension plan cleared another legislative hurdle Tuesday night.

The Senate Finance Committee, without objection, sent House Bill 61 to the Senate floor for debate. The committee vote came when the administration and the legislature’s retirement system actuaries gave conflicting testimony and reports on the financial impact of the change.

The administration’s Boston-based actuary predicted savings to the state and less exposure to new pension liabilities.