Politics & Government

July 15, 2014 6:19 PM

Pension committee looks for middle-way on rising retirement costs for state, local government and employees

Longer life spans spurs need to infuse system with more than $1.6 billion from employers and employees. But the politically divided Select Committee on Pension Policy punted Tuesday on what contribution rates are needed in 2015, sending the problem to the Pension Funding Council on July 28.

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