Colorado state employees are headed to the Capitol to tell state lawmakers that increasing their retirement contribution rates is a pay cut.
The House Finance Committee is hearing Thursday from state employees who are being asked for another year to increase what they contribute to their pension funds.
The Senate has already signed off on that plan to ask employees to chip in more for retirement. The move could save the state almost $62 million next year.
However, the employees headed to the Legislature are saying they consider the additional retirement contributions a pay cut. Some are planning to share stories of financial hardship.