CONCORD, N.H. (AP) — Public employees will pay more toward their pensions and some will work longer before retiring to spare New Hampshire taxpayers under legislation headed to Gov. John Lynch for signature.
The House and Senate approved a compromise Wednesday that will shift more costs onto workers to spare state and local property taxpayers from paying an increasing share of rising pension costs.
"This bill is difficult medicine. I will be the first one to say that," said Senate Republican Leader Jeb Bradley, the bill's prime sponsor. "The longer we wait, the worse the medicine will be."
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