Posted 6:02 PM 1/26/2012 : Governor Jindal Unveils Re-Vamped State Retirement Systems
Governor Jindal calls the state's current retirement system "irresponsible." He says the shortfall between money available for benefits and the money needed to pay them out is growing.
"The current systems are unsustainable. You're looking at an 18.5 billion dollar UAL. You look at costs