Wyoming News

Protecting Pensions

by Donya Currie - 1/01/2012

As lawmakers consider sweeping changes to the state retirement system, AARP Wyoming is lobbying to protect retirement security for state and municipal workers and public schoolteachers.

One proposal on the table would eliminate cost-of-living adjustments for pensioners. Another would change the system for new employees from a traditional pension plan with predictable monthly payouts to a 401(k)-type plan, with regular contributions while employed but unpredictable benefits upon retirement.

AARP staff and volunteers have attended legislative hearings and talked with legislators about the need to protect retirement security. These efforts will intensify when the legislature convenes Feb. 13.

To let lawmakers know what you think about the proposed changes, go to aarp.org/wy.