Independent voices from the TWT Communities
Despite a concerted push to overhaul Virginia's retirement system for public employees, a high-profile proposal to offer them an optional 401(k)-style plan would not save the state significant money over the next decade, according to a report released Monday.
"I would guess that the General Assembly members weren't entirely pleased with what they heard," said Mary Jo Fields, research director for the Virginia Municipal League, a nonprofit, nonpartisan association of local governments in the state.
