Dan asked for copies of bills that eliminate death benefits for public employees in a comment to a recent post, so here it is:
HB7011 eliminates the pension plan for all employees hired after January 1, 2013. This includes death and disability benefits to cops, firefighters, and EMTs that are disabled or killed in the line of duty. From this article:
Closing the current pension plan would also end benefits such as life
insurance or death benefits if employees are hurt or killed in the line
of duty. Rainey said death benefits of a newly hired firefighter killed
in the line of duty under the 401(k) plan could offer his or her
family less than $1,000.
Here is the FOPs opposition letter to HB7011 (pdf warning)
Not only that, but the system as is requires no tax increase, but switching to a 401(k) system will force the state to contribute money to the system to fund the pensions of those already retired, which will require tax increases.