WA: Pension ruling could hobble state budget (The Olympian)

November 20, 2012 – ne of the biggest recent cuts propping up the state budget is suddenly in doubt. A judge has ruled that the Legislature acted illegally last year when it eliminated an annual increase in benefits to retirees in two older state pension plans. The eventual hit to the budget could reach into the hundreds of millions of dollars per year starting with the current 2011-2013 budget and force new cuts, taxes or other budget moves. But don’t expect the ruling to prompt those choices — or put any extra money into the pockets of government retirees — right away. Thurston County Superior Court Judge Chris Wickham filed his decision Nov. 9 but has yet to issue a final order. The state would then have a chance to appeal, a process that could take months or even years.
Link to Full Article: http://www.theolympian.com/2012/11/20/2326162/pension-ruling-could-hobble-state.html#storylink=cpy

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