Missouri House votes to tighten state worker pensions
Tuesday, June 29, 2010 | 5:29 p.m. CDT;
updated 6:40 a.m. CDT, Wednesday, June 30, 2010
JEFFERSON CITY — The Missouri House has approved changes to state pensions that would raise the retirement age for new workers and force them to start contributing part of their pay.
The House passed the legislation 92-54 Tuesday. It would affect workers hired after Feb. 1, and incoming lawmakers. The bill would require workers to contribute 4 percent of their pay toward their pensions.
House members voted Tuesday to allow state workers to continue qualifying for pensions after five years. The legislation's sponsors had wanted to require people to spend a decade working for the state before vesting in their pensions.
The legislation now moves to the Senate, where a committee has approved its own version of the pension overhaul.
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