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Pension fixes head to full Senate vote

By Associated Press
Published On: Apr 16 2013 12:52:01 PM MDT
Helena Capitol Summer
HELENA, Mont. -

Proposed fixes to the state's public employee and teacher pensions systems are heading to a vote on the Senate floor.
The Senate Finance and Claims Committee approved House Bills 377 and 454 Tuesday morning after making minor changes.
The measures reduce benefits a little while increasing contributions.
The changes are meant to fix the pension systems facing a projected $4 billion shortfall over the next 30 years. However, Lawmakers have expressed concern that portions of the bills could end up in court.
The fix has been a priority for Gov. Steve Bullock. His plan has outlasted proposals from some Republicans to end the pension system for new employees and replace it with something like a 401(k) savings plan.