The MA State Senate adopted last week a new pension bill that negatively affects municipal and state employees who are hired post- 2/31/11. The Massachusetts House of Representatives will probably take up the bill this month. The bill will then go to a conference committee and the governor and may be amended, tweaked, or even defeated.
The bill will have a significant effect on public employees hired on or after January 1, 2012, and a very small effect on a small number of current public employees. Current retirees will lose nothing.
Public employee unions, including AFT MA, opposed the bill because it is unfair to all future employees, particulary those who are in lower paid positions, such as paraprofessionals who are overwhelmingly female. These employees will have to work much longer to get full pension benefits. (Read about the bill on the AFT MA website.)