UPDATE: A bill to shift pension costs for colleges and university retirees back to the schools fails in the senate. It was defeated 33-21.
Students walking on the
It also could affect
Hoey says they are working to east the added cost burden.
Hoey says "institutions have said they are willing, they have a plan, and that's the six point plan to take on some of that burden."
That plan includes cutting cost of living increases for retirees, making employees contribute more to their pensions, and cutting pension benefits for future employees.
Hoey says "you have invested in the pension system, and you've invested throughout your entire career as an employee, then you are entitled to those benefits."
And he points out that legislators have to make tough budget decisions, which will impact all state workers.
Hoey says "every state employee knows that there is going to be some sort of sacrifice.