After years of budget crunches, nearly every state has revamped public retirement benefits in order to shrink long-term obligations.
By Melinda Deslatte|May 01, 2012 at 06:34 AM
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BATON ROUGE, La. (AP) — Neil Carpenter took a pay cut when he accepted a job as a Louisiana state accountant more than 12 years ago, but he figured he would make up for the loss with a retirement check that would guarantee long-term financial security for him and his family.
Now the 41-year-old finds his life plan teetering as Republican Gov. Bobby Jindal seeks to restructure the pension system for rank-and-file workers, potentially requiring higher employee contributions and delaying the retirement plans of employees like Carpenter.
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