Editorial: Pension and Health Care - WSFA.com Montgomery Alabama news.

Editorial: Pension and Health Care

  • More newsMore>>

  • Tropical Storm Bertha forms near Barbados

    Tropical Storm Bertha forms near Barbados

    Friday, August 1 2014 5:56 AM EDT2014-08-01 09:56:54 GMT
    The second storm of the 2014 hurricane season has formed.More >>
    The second storm of the 2014 hurricane season has formed.More >>
  • Gaza truce unravels within hours

    Gaza truce unravels within hours

    Friday, August 1 2014 5:34 AM EDT2014-08-01 09:34:07 GMT
    A three-day cease-fire in the Gaza Strip has gone into effect following heavy Israel-Hamas fighting.More >>
    A three-day Gaza cease-fire that began Friday quickly unraveled, with Israel and Hamas accusing each other of violating the truce as four Palestinians were killed in a heavy exchange of fire in the southern town of Rafah.More >>
  • Ukrainian troops suffer heavy loss in ambush

    Ukrainian troops suffer heavy loss in ambush

    Friday, August 1 2014 5:33 AM EDT2014-08-01 09:33:44 GMT
    Ukrainian authorities said Friday that at least 10 government troops were killed in an ambush by pro-Russian separatists in an area near the wreckage of Malaysia Airlines Flight 17, but international inspectors...More >>
    A team of several dozen international investigators descended Friday on the Malaysia Airlines Flight 17 crash site in eastern Ukraine to begin combing an area now designated as a crime scene.More >>

Many states struggle to meet pension and health care obligations to their retired workers.

Alabama has established trust funds to pay for public retirees' future health benefits.

We will vote Tuesday to write into the state constitution a guarantee that the money invested in these trusts for retired state workers and teachers can't be spent for anything else.

We will also vote on an amendment allowing the state to borrow an extra $400 million for incentives to attract new industry and more jobs. The current borrowing limit is $350 million.

Alabama's business recruitment successes rival any in the nation in part because of these incentives.

A YES vote on both amendments will benefit all of us.

It will help keep the state's bond rating one of the highest in the nation - saving Alabama taxpayers money.

Powered by WorldNow