Wednesday, December 2, 2009

Baker Unveils Pension Overhaul Plan

It's no secret that the state pension system is a mess. Despite the Legislature's passage of a pension reform bill earlier this year, the system is still in need of fundamental changes to prevent abuses and ensure the pension fund's long-term solvency.

Republican gubernatorial candidate Charlie Baker has offered a plan that, if implemented, would save the state at least $50 million a year. He hopes to do this by capping pensions and eliminating the remaining loopholes that make it possible for certain individuals to game the system to secure an inflated retirement pension.

Be sure to check out the story that ran in the Boston Herald, or visit Charlie's official campaign website at for more information.