If your government has altered pension plans to address budget deficits, which of the following has it implemented or considered implementing? (check all that apply)

Increased employee contributions
71% (88 votes)
Reduced plan benefits for new employees
63% (78 votes)
Increased retirement ages and service requirement for new employees
52% (65 votes)
Enacted a cost of living adjustment (COLA) reduction for retirees and existing workers
32% (40 votes)
Other (leave a comment)
10% (13 votes)
We have not changed/not considered changing our pension plans
3% (4 votes)
Total voters: 124

Discuss this poll 19

Anonymous
on Mar 13, 2013

The governor tried an all out grab of the retirement system
with the blessings of the state legislature. It didn't work. The
voters spoke with a loud voice and huge numbers in the
turnout. Now they will be removing spouses from the med
portion of the retirement benefits. They have instituted a
tiered approach based on seniority as to who gets COLA
and who will not. New hires will really have it rough, they
have been targeted.

Anonymous
on Feb 26, 2013

We have instituted a new program for new hires that reduced the DB portion and makes a minimal employer contribution to a 457 plan.

Anonymous
on Feb 21, 2013

Why no alternative in your poll to the elimination of defined benefit plans, the real villain? Multiple constitutions make this change difficult but it must be on the table in the future. When these plans were created, somehow no one took the time or effort to think that a plan that promises specific results without a similar firm promise to the taxpayers that there would be enough $$$ to meet the first promise is intrinsically flawed.

Anonymous
on Feb 27, 2013

The villain here is not the plan itself, but the Institution's lack of agreed upon funding to sustain said plan.

Anonymous
on Feb 21, 2013

State of Florida cut back the amount the county employer contributes to the plan as well as increasing the amount the employee pays in. A net decrease in contributions of more than 30 % for the average employee.

Anonymous
on Feb 20, 2013

Wall Street gets bailed out and government workers with defined pension plans get screwed. Two Americas, bailouts for the oligarchs and austerity for the peasant worker.

Anonymous
on Feb 12, 2013

Board of Directors negotiated givebacks as noted above, but the State of Florida Retirement System demanded a concession to the union at the same time. The net effect of the negotiations was a wash for the fire district - at the very best.

Ed FitzGerald, Fire Commissioner

Anonymous
on Feb 12, 2013

We are currently looking at alternatives.

Anonymous
on Feb 12, 2013

Changed the benefits calculation from a 3 year salary average to a 5 year salary average

Anonymous
on Feb 11, 2013

Selected General Funded employees cut to 80% in addition to mandatory furlough programs.....Effectively freezing accumulation of (Cal-PERS) retirement service years.

Anonymous
on Feb 7, 2013

We have not been able to change anything because of the incompetent, inept "leadership" in Albany, New York. Also, we are hamstrung by a tax cap imposed by Andy Cuomo and his cronies, along with many unfunded mandates.
Liberal socialism at its best!

Anonymous
on Feb 7, 2013

Increased penalty for early retirement by increasing reduction in benefits. Also eliminated provision that stopped employee contributions after 25 years of service.

Anonymous
on Feb 7, 2013

Our municipality also negotiated with the workers union to close access to the defined benefit pension plan and now offers a defined contribution plan for new employees.

Anonymous
on Feb 6, 2013

State of Florida balanced 2011 budget shortfall on backs of state employees, while lowering coporate taxes.

Anonymous
on Feb 5, 2013

Switched from a DB to a DC plan for new hires.

Anonymous
on Feb 5, 2013

Negotiated with the workers Union to close access to the defined benefit pension plan and now offer a defined contribution plan for new employees.

Anonymous
on Feb 5, 2013

At three and one half years away from retirement, changing years of service requirement for COLA did not allow time for developing a personal Plan "B". But it appears finacial viability of modified plan means it will be there for me.

Anonymous
on Feb 4, 2013

Seems the fairest thing to do.

Anonymous
on Feb 4, 2013

The city has also increased their commitment by over 10%.
Instituted a tiered plan based on job seniority.

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