Monday, November 28, 2011

Regents Expected to Approve Rise in Employee Pension Contributions Today

The Regents at their postponed meeting today (11-28-11) are expected to raise the employee contribution to the pension plan to 6.5% as of 2013-14. See the chart below:

This will not be the last increase for either the employee or the employer contribution. No help from the state in sight. Au contraire:

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