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Pennsylvania GOP Wants Pension Reform for Future State Workers
Lancaster Online June 3, 2012
"Republican leaders say they want to change Pennsylvania's costly pension system for government and school workers from a defined benefit plan to a 401(k)-style program before the end of 2012. Their legislation, which is expected to be introduced in early June, will be designed to save taxpayers money and tamp down soaring public pension costs -- a critical issue facing the state's financial future. The proposal ... would do nothing to cut the obligations already in place following the Legislature's 2001 vote to boost lawmaker pensions by 50 percent and state employee plans by 25 percent."
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