CAPS THE PROBLEM. — BAILOUT WON’T FIX THE PROBLEM. M: THIS CAN AFFECT EVERYONE, EVEN IF YOU ARE NOT A STATE EMPLOYEE. THE BILL REQUIRES MORE EMPLOYEES TO PAY MORE INTO A RETIREMENT SYST THAT HAS LONG BEEN UNDERFUNDED. THE RETIREMEN NESTING FOR THOUSANDS OF TEACHERS, POLICE OFFICERS AND HIGHWAY WORKERS. THE STATE PENSION FUND FOR 200,000 STATE EMPLOYEES HAS BEEN BAILED OUT AT THE TAXPAYER EXPENSE. IT IS $827 MILLION A YEAR. TIM: THE STATE TREASURER SAYS THE GOVERNOR AND STATE LAWMAKERS HAD LITTLE CHOICE WHEN IT COMES TO BAILING OUT THE PLAN. HE SAID FOR A DECADE THE STATE PENSION PLAN HAS BEEN UNDERFUNDED BECAUSE OF WHAT HE CALLS GROSS MISMANAGEMENT. YET NOBODY HAS BEEN FIRED OR RESIGNED. NOBODY WANTS TO KNOW WHERE THE MONEY WENT. I DO. TIM: THE PENSION BAILOUT, PHASED IN OVER SIX YEARS. GREENVILLE COUNTY WILL PAY AND $1.2 MILLION NEXT YEAR. AN EXTRA $600,000 FOR THE FOLLOWING FIVE YEARS. STATED 40’S WILL PAY UP TO 9% OF THEIR PAYCHECKS AS PART OF A PLAN THAT LOFIS SAYS WILL NOT FIX THE SYSTEM. IT GIVES US BREATHING ROOM, BUT THE PUBLIC HAS TO WAKE UP. THAT CONTEXT ALMOST THE SAME AMOUNT AS THE ROAD TAX. TIM: THAT PENSION FIX WILL COST TAXPAYERS AS MUCH AS THE GAS TAX INCREASE NOW BEING DEBATED SOME LAWMAKERS WANT TO MOVE AWAY FROM A PENSION RETIREMENT SYSTEM AND OFFER EMPLOYEES A FOUR-WAY K