Pension crisis averted?

Recent legislative reforms have enabled the state Employees’ Retirement System to avert a crisis, but that’s partly because much of the burden to strengthen the system has shifted to the counties. Maui County alone, for example, will be paying $36 million extra over the next four fiscal years into the state public employee pension system, and its contributions will continue to remain high after that. That’s bad news for county taxpayers. READ MORE:

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