LINCOLN, Neb. (AP) — Nebraska Gov. Dave Heineman issued his first veto of the session on Monday, rejecting an increase in the state's contribution to underfunded teacher and school employee retirement plans.
Heineman argued that the additional state funding was unsustainable, but said he'd sign an embedded short-term fix if lawmakers passed it as a standalone measure. He called on lawmakers to conduct a six-month review of how to make Nebraska's public employee retirement system for teachers, state troopers and judges more sustainable, so they can address it next year.
The changes are designed to trim a $108 million, two-year gap in state pension funding.
"This is one that really needs further study," the Republican governor said. "I want to understand the full, comprehensive nature of the challenges we face," noting he was concerned about the potential long-term cost for state taxpayers.
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