Under a new proposal, 6% in new contributions would be made by the country’s employers to sustain retired citizens above the poverty line.
The board at OPERS voted to reduce medical benefits to avoid collapse by 2030.
Level rises to 85.8% for corporate plan funding, Aon says.
Plan aims to eliminate the state retirement system’s $6.6 billion unfunded liability.
Bank wants enough onshore solar and wind energy to power an Oxford-sized area.
Although smoothing rates suggest single-employer pension plans have been fine, future restrictions could cause issues.
Judge rules pension was within right to add discretionary increases.