Legislators should not meddle in RSA

Legislators should not meddle in RSA

By: Montgomery Advertiser

Retired state employees and teachers understandably get nervous when legislators start poking around in the Retirement Systems of Alabama. For decades, RSA has reliably provided the pension benefits due these Alabamians and there is no reason to believe it will not continue to do so unless it is damaged by some shortsighted interference.

Therein lies the legitimate concern that this Legislature, which has demonstrated a penchant for overreaching, could meddle in some harmful way with RSA. The Legislature’s Joint Committee on Pensions is charged with developing “consensus recommendations concerning the benefits, investments, and funding of the state-administered retirement systems and any other measures that the committee believes would lead to the improved financial stability of the state-administered retirement systems.”