Wednesday, July 6, 2011

Labor No Fan of Higher Retirement Eligibility Age

Labor's not thrilled with Gov. Branstad's idea to raise the age public employees are eligible for full retirement benefits, as part of shoring up IPERS. Some labor leaders tell the Des Moines Register workers are paying more towards their retirement. IPERS retirees can retire with full benefits if they've worked for at least 20 years and are 62; or if they meet the rule of 88--their age plus years of experience equal 88.

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