Smart Thinking Washington State Debates Innovative Pension Reform
In Washington State, a group of legislators is taking steps toward a defined-benefit pension plan for public workers. A bill proposed today by a Republican State Senator would offer public-sector workers a $10,000 signing bonus if they switch from their defined-benefit plans to a defined-contribution plan. The bill is modeled after a similar measure going into effect at Boeing, and although it is modest in scope—limited to only 2,000 workers—it could be a sign of bigger things to come.
We are a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for us to earn fees by linking to Amazon.com and affiliated sites.