Tuesday, February 26, 2013

Wyo., workers would share pension plan increase

Lawmakers have reached a deal to increase retirement contributions by state workers. The state House and Senate gave final approval Monday to a bill that will require employees to increase their contributions by 0.25% and the state to pay 0.75% more a year for three years. After that, the the state and workers would split the 1% increase. The original bill would have required the state to pick up the entire 1% increase. Lawmakers considered the bill dead last week after representatives of both chambers failed to reach a compromise. Republican Sen. Phil Nicholas of Laramie said lawmakers later reconsidered and set out to reach a compromise.

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