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Committee agrees to compromise on pension reform
Posted: 06.21.2012 at 1:40 PM
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(AP) -- A conference committee has agreed to a compromise on reforming South Carolina's pension systems for public workers.

The six-member committee unanimously approved an agreement Thursday morning but did not discuss it publicly. Legislators refused to detail afterward what's in the compromise.

It was the conference committee's first public meeting in two weeks.

Committee leaders aren't providing a breakdown until they report to their colleagues in the House and Senate.

But Democratic Rep. Gilda Cobb-Hunter says the agreement accomplishes the goal of shoring up the pension systems to ensure that workers get their benefit checks decades from now, and she's proud of the end result.

Both the House and Senate versions exempted current employees from most of the changes. Changes in benefit calculations begin with employees hired after July 1.

(Copyright ©2012 by The Associated Press. All Rights Reserved.)

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