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Tag: Plan 3

Feb.
25th

New proposal would end fixed-benefit pensions for younger state workers; unions fighting back at hearing today

A new pension proposal from Senate Majority Leader Rodney Tom would use a 401(k)-style benefit option for certain Washington state employees younger than 45 years of age. Senate Bill 5856 gets a hearing at 1:30 p.m. today in the Senate Ways and Means Committee, and the Washington Federation of State Employees began denouncing the proposal in an alert to members late Saturday.

The proposal by Tom, a fiscally conservative Democrat from the wealthy enclave Medina, appears to go further than a plan

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