Louisiana Political News Wire
Senate will see scaled-back version of pension overhaul bills
Baton Rouge -- The version of Gov. Bobby Jindal's proposed pension overhaul heading to the Louisiana Senate floor will be a dramatically scaled-back plan that delays the implementation of key changes by a year, phases in new costs for employees and offers a more gradual approach to reaching a higher retirement age, according to the bills' sponsor. Even with those concessions, Senate Retirement Committee Chairman Elbert Guillory said its likely there will still be more tweaking before the bills come up for a vote and they could be further "polished and tweaked" from the floor. "We're asking more people to give us their ideas," Guillory said. "As good as these (bills) are today, they're much, much better than they were when they came out of our committee. They're much, much, much better than they were when they were drafted. But they're not quite as good as they will be when they come to the floor of the Senate."
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