Paul pitches retirement plan for lottery staff, but board balks

Lottery Post — Tue, 16 Dec 2003 10:29:28 GMT

Tennessee lottery officials yesterday introduced the idea of a retirement program for the 38 employees they've hired this year.Lottery Chief Executive Officer Rebecca Paul asked board members to approve contributing an amount equal to 3% of what employees make the last quarter to a deferred compensation plan. She also asked them for a proposal for a retirement program for the following year.For comparison, she said, the state of Tennessee contributes 7.29% of employee salaries to a pension progr... [ More ]