Update Expected In Mediation Of State Pension Overhaul
A Superior Court judge is slated to get an update Monday on the status of mediation on the overhaul of the state pension system in 2011.
Judge Sarah Taft-Carter ordered the mediation in December 2012. That came after a series of public-employee unions challenged the pension overhaul in court. The unions claim that changes including cuts to benefits for retirees are unconstitutional.
Supporters of the pension overhaul said it was necessary to make the pension plan sustainable for the future. The state pension was $7 billion in the red when the General Assembly passed legislation overhauling the system.
Taft-Carter has received close to 10 updates on mediation since it began. The General Assembly would have to approve any changes agreed to by the two sides in the pension lawsuit.
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