Niki Kelly, writing for the Fort Wayne Journal Gazette, has a very good article on a proposal being considered by the General Assembly’s pension oversight committee. I’m out of time to write much about it this morning, but wanted to throw up a link. It has to do with changing a pension option for new State retirees from more of a guaranteed return annuity to a privately managed fund where the employee bears the risk. I’m always a little stunned when the terms of compensation for employment can be changed after the fact. A lot of these employees have traded huge chunks of the only life they’ll get in anticipation of a secure pension.