From SeaCoastOnline.com: If N.H. State Sen. Jeb Bradley's pension reform bill is made law, 11 city firefighters may give notice of their retirements before July 1 in order to collect checks for unused sick and vacation time, as well as pensions based on those checks and wage "spiking," said Rick Condon, president of the Portsmouth Professional Fire Fighters Local 1313.
The bill, known as SB3, was approved by a 19-5 vote in the Senate Wednesday and now moves to the Seante Finance Committee for more analysis.
Their pension costs could come on top of a proposal by Gov. John Lynch to eliminate the state subsidy for public-employee pensions and pass all the costs to cities and towns.
Employees with 20 years of service who are age 45 or older are currently eligible to retire. Bradley's bill would increase the retirement age to 50 and the number of years worked for eligibility from 20 to 25, and eliminate a number of current benefits. Read the entire article here.




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