Ø S-1969: Requires that members who hold multiple positions choose only one job for pension purposes. This would severely diminish the pensions of members who hold two or more part-time jobs to make ends meet rather than one full-time position. Ø S-1964: A change in the pension formula for future employees to use the average of an employee’s five highest years of earnings when calculating individual pensions. Currently the formula uses the three highest years. Under the new formula, the pensions of FUTURE employees would be lower than they would be under the current formula. Ø S-1965, denies health insurance benefits to part time employees. Ø Our colleges will lose $76 million, meaning cuts in financial aid, higher tuition rates for our students and less ability to compete in the 21st century. Ø Out-of-pocket prescription drug costs for our seniors, disabled residents and low-income families will increase by at least 40% as Medicaid and Pharmaceutical Assistance to the Aged and Disabled are reduced |