The newly formed Pension Benefits, Design, and Funding Task Force met again last week to begin trying to reach a consensus on how best to address the state employee and teacher pension plans’ unfunded liability. The task force is the Legislature’s response to massive pushback from VSEA and NEA members after the State Treasurer introduced several unacceptable proposals to deal with the unfunded liability. VSEA and NEA members also came out strongly against an initial proposal about who would sit on the task force, saying it favored management. The blowback caused the proposal to go away and be replaced with one that leveled the playing field for workers. VSEA has two rank-and-file representatives on the task force, Leona Watt and Eric Davis.
VSEA members and retirees can watch the task force meetings held to date by clicking on the link below. The task force meets next on July 22.