MONTGOMERY, Ala. (AP) - Gov. Robert Bentley wants to overhaul Alabama's pension system for state employees and teachers.
The plan, announced Wednesday, calls for setting a retirement age of 62 for most employees and 56 for law enforcement officers. Right now, employees can retire after a minimum of 25 years or service. There is no retirement age.
Bentley said the change would not affect any current employees and would go into effect starting in 2013. He said the plan would save the state about $5.07 billion over 30 years.
Legislative leaders said bills for the proposals would be introduced Thursday in the House and Senate.
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