MONTGOMERY, Ala.
Bill ups pension costs for workers
The Alabama Legislature is getting closer to making public employees pay more for their retirement benefits.
Republicans on the Senate Finance and Taxation-Education Committee pushed through a bill Wednesday that would require all of Alabama’s public employees to contribute more for their pensions.
Democrats opposed the bill.
The amount would go up 2.5 percent of salary between now and Oct. 1, 2012. That would mean all education employees and most state employees would see their payments go from 5 percent of their salary to 7.5 percent.