G.E.R.S. is facing collapse if it does not receive an infusion of cash, or multiple streams of dedicated revenue, by 2023 — before Mr. Bryan’s first term is up — so the governor must find ways to act fast. Even so, any talk of cutting G.E.R.S. benefits — which is what additional tiers often do — of government employees who have not retired, while protecting the benefits of current retirees could depress a government workforce already wary of the struggling pension system.
Watch: Bryan Tells Congress He Wants To Cut G.E.R.S. Benefits For Current Employees To Save System
Published on March 4, 2019 by admin
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