House backs proposed pension fixes from both sides

Published March 21, 2013 10:59pm ET



HELENA, Mont. (AP) — The Montana House on Thursday backed proposed pension fixes from both sides of the aisle — and delayed a final decision on which way to go.

The GOP-led chamber endorsed a plan favored by many Republicans that ends the pension system for new employees, replacing it with something like a 401(k) savings plan, and reduces benefits for current employees who would retain a pension. House Bill 338 advanced Thursday with a 63-37 initial vote.

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