Autoplay Next video from Max length

Tennessee teachers and state workers could lose the security of a guaranteed pension

89 views · Published 3 April 2013 · 0:44 · Indexed 23 October 2026

Channel: chattanooga times free press · 2013 · News & Politics

Well, the next generation of Tennessee teachers and state workers could lose the security of a guaranteed pension.
A new bill seeks to overhaul the state's pension plan, shifting risk from the state to employees through a hybrid pension and 401(k)-style plan.
The proposal comes from State Treasurer David Lillard, who says the current plan must be changed to ensure long-term sustainability.
If passed, the revised plan would only affect teachers and public employees hired after July 1 next year.
But Tennessee teachers are fighting the proposal.
They say the change could keep many people from staying in the education field for very long or even from becoming a teacher to begin with.

Tennessee teachers and state workers could lose the security of a guaranteed pension

More from this channel