Let's talk pensions

The Select Committee on Pension Policy is meeting in Olympia today. Rep. Steve Conway chairs the committee.

The management structure of Washington's pension system has gone through many, many changes over the past few decades. Pensions are also an enormous cost-driver in our state budget. According to a report from last year, "the actuarial value of assets available as of the latest actuarial date for all systems was $50,791 million. The accrued liability is $56,467 million." This is not good. It's probably one reason we see lots of bills introduced every year to tweak pension policies.

So if you want to learn more about PERS, TRS, SERS, LEOFF, DROPS and other fun pension-related acronyms, this is the meeting for you! TVW will stream a live webcast for anyone wanting to tune in starting at 10.