cash balance plan http://wrkf.org en Lawmakers to Retry Cash Balance Plan http://wrkf.org/post/lawmakers-retry-cash-balance-plan <p>The contentious plan to revamp the state’s floundering retirement systems was overturned in State Supreme Court on Friday.&nbsp;</p><p></p><p><span style="line-height: 1.5;">The high court knocked down the law not because of content, but because of how it passed. State law requires a </span>supermajority<span style="line-height: 1.5;"> for this kind of bill to progress. The legislature sent this one to the governor’s desk with only the majority’s approval.</span></p><p> Mon, 01 Jul 2013 20:19:04 +0000 Kelly Connelly 12750 at http://wrkf.org Cash Balance Plan Could Tiptoe Back to Lawmakers http://wrkf.org/post/cash-balance-plan-could-tiptoe-back-lawmakers <p></p><p><span style="line-height: 1.5;">Representative Kevin Pearson, chairman of the House Retirement Committee, has prepared a bill that he hopes will improve the cash balance plan&nbsp;</span><span style="line-height: 1.5;">– despite that the plan is the subject of ongoing litigation. The plan was overturned in court because it didn’t get a two-thirds vote in the legislature.&nbsp;</span></p><p>If the State Supreme Court does uphold the decision, the bill could be used as a safety-net, and the cash balance plan could be brought before the legislature a second time.</p><p></p><p> Wed, 27 Feb 2013 23:44:15 +0000 Kelly Connelly 6810 at http://wrkf.org Cash Balance Plan Could Tiptoe Back to Lawmakers