57° F
Current Conditions
Radio Station Info Staff Advertising Job Opportunities Contact Us

Listen Live

Click Here To

Sign Our Guest Book

RSS Feed

KCSR Annual EEO Report
KBPY Annual EEO Report

(Neb.)- Neb. Lawmakers Override Veto On Retirement Bill

By: Jeremy Anderson Posted at: 05/14/2013 03:58 PM
     LINCOLN, Neb. (AP) - Nebraska lawmakers have voted to override Gov. Dave Heineman's veto on a public-school retirement bill.
     Lawmakers voted 32-1 on Tuesday to press the measure into law.
     In his veto message, Heineman criticized a part of the bill that doubled the state's retirement contribution from 1 percent to 2 percent. He also took issue with assumptions that the investments would see 8 percent annual returns, saying those estimates were unrealistic.
     The bill's sponsor, Sen. Jeremy Nordquist of Omaha, says his bill would help the state confront its $2.2 billion, legally binding pension obligation over 30 years. Nordquist says the state would end up paying more in future years if lawmakers failed to take action.


Back to News

Printer Friendly Version

Send Story to a friend.