Bryan Pedersen

Retirement Bill Fails

Feb 16, 2012

The Wyoming House of Representatives has defeated a bill that would have changed the state retirement system.  Cheyenne Republican Bryan Pedersen wanted those hired after July first 2014 to be entered into a 401K style retirement plan versus the current defined benefit plan. 

The reason for the defeat is because Pedersen believes the current state plan will run out of money. 

However, opponents questioned Pedersen’s numbers and his timing, and Casper Republican Steve Harshman says it’s too big of a change in a short budget session.