Public retirement benefits will get more austere under compromise legislation introduced in the Senate Tuesday.
SB427 will slow the rate at which state workers earn their retirement, including police-fire employees, and make younger retirees work longer before they can leave with full retirement benefits. Changes would apply only to public workers hired after Jan. 1, 2010.
But it's not a done deal.
Republicans still want more concessions in those two areas. But Sen. Warren Hardy, R-Las Vegas, agreed there is general agreement on the other provisions in the bill.
For years, public workers earned retirement at a rate of 2.5 …