S.C. to Cut Increases for State Retirees

Thursday, 03 Nov 2011 05:04 PM

By Andra Varin

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
Retired state workers in South Carolina may have to tighten their belts. And so will taxpayers.

The South Carolina Budget and Control Board voted Thursday to lower the annual cost-of-living increases that retired workers get, and to increase the amount that taxpayers pay into the retirement system, The State newspaper reported.

The measures are set to got into effect July 1, which gives the Legislature time to vote to reinstate the cost-of-living increases if lawmakers want to do so.

State retirees have objected strenuously, and some critics have suggested cutting legislators’ pensions before going after other retirees’ money.

“We've all known this year was going to hurt,” Gov. Nikki Haley said just before the vote. “I have full faith that the Legislature is committed to a solution.”

© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

US Marshals, Police Wounded, Suspect Dead in NYC Gunfight

Monday, 28 Jul 2014 16:59 PM

Two U.S. Marshals and a New York City police detective were shot and wounded on Monday and a man was killed during an at . . .

Drone Almost Blocks California Firefighting Planes

Monday, 28 Jul 2014 16:27 PM

A private drone trying to record footage of a Northern California wildfire nearly hindered efforts to attack the flames  . . .

NY Mayor de Blasio: Brooklyn Bridge Security Breach a Worry

Monday, 28 Jul 2014 16:18 PM

New York Mayor Bill de Blasio says a security breach involving the changing of flags at the Brooklyn Bridge last week is . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved