New Mexico Raiding Pensions to Offset Budget Deficit

Don't think this couldn't happen here.

(with apologies to every English teacher I ever had)

Snipit:

The legislation passed earlier this year will boost employee payroll contributions by 1.5 percent of their salaries and lower the state government's payments by the same amount during the next two years. Employees who make more than $20,000 per year will be affected.

The contributions required for public employees were approved to help the state save $43 million annually.