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Thu May 24, 2012
Bill to Boost Pension Cost Advances, Tied to Raise
BATON ROUGE, La. (AP) — Gov. Bobby Jindal's proposal to hike the amount rank-and-file state workers pay for retirement has advanced to the full House for debate, despite criticism a tie to pay raises could cost the state more than it benefits. It's unclear when the 2 percentage point increase in pension contributions would be levied on employees.