Dave Freudenthal on Social Security Democratic WY Governor

$48M for state retirement fund, but employees must pay more

But there are some other assumptions that I think need to be evaluated over the next year. One is that ours is a fixed benefit plan, and we have had a habit of taking a fixed benefit plan and inserting cost of living increases. We need to assess whether that makes sense and whether we need to reevaluate the structure of the plan and the role of the employee.

I do not take grave exception with the proposition state employees are going to have to pay more. What I am worried about is we have headed off on a course of action and do not have a strategy.