Yesterday's hearing lasted eleven hours and hundreds of teachers and state employees came out to tell their story. A coalition of union leadership presented close to three hours and offered the following as a much fairer way to change the pension system and fund the unfunded liability.
1. Re-amortize for thirty years instead of thirty which many states have done. 2. The hybrid system for all new employees with non-vested members being able to opt in. 3. Higher contribution by active employees to maintain current benefits. Plan B COLA for all retirees. 4. Mandatory inclusion in social security for all new employees.