Are other states considering similar changes in response to the fiscal crisis?
Almost all public employee retirement systems around the country have either implemented provisions in the past year affecting retirement benefits or are evaluating potential changes. In most cases, the respective state Legislatures have had to enact the changes through statute. A representative sampling of changes being made to public retirement systems can be accessed through the National Association of State Retirement Administrators (NASRA) via this link: http://www.nasra.org/resources/SustainabilityChanges.pdf.
