School Tech Connect: Not Actuarially Sound

School Tech Connect: Not Actuarially Sound:

Not Actuarially Sound

by noreply@blogger.com (Tim)

Even if you've already called, call again. And get your Republican colleagues to call, too. They're the ones who could have some influence on their peeps.

There's been a lot of great coverage about the sudden amendment to SB512, and really, it comes down to this: SB512 ain't ready for prime time. In other words, it's just the sort of thing that would pass. You gotta call.

The bill increases the employer contribution drastically, and this would have the unintended consequence of increasing the value of the Money Purchase Option, and it would all end up costing the state something like $46B