Senate advances high-profile pension reform and gaming expansion measures

Senate advances high-profile pension reform and gaming expansion measures

The Pennsylvania Senate on Tuesday took action on two high-profile pieces of legislation: one that would significantly reform public pensions and the other expanding gaming.

 

Both concepts are seen as major priorities for Pennsylvania’s Republican-controlled General Assembly.

Tuesday, May 23, 2017/Author: Jason Gottesman
Categories: News and Views
Turzai: “I’m convinced we’re going to have an on-time budget”

Turzai: “I’m convinced we’re going to have an on-time budget”

House Speaker—and very-nearly-announced Republican candidate for governor—Mike Turzai (R-Allegheny) was optimistic about a lot of things when he spoke to a crowd gathered at the monthly Pennsylvania Press Club luncheon.

 

First and foremost, with just six weeks before the end of the current fiscal year, he stated his confidence that a state budget will be in place before the new fiscal year begins on July 1.

Monday, May 22, 2017/Author: Jason Gottesman
Categories: News and Views
Pension reform proposal gets Senate Bill 1 designation for second straight session

Pension reform proposal gets Senate Bill 1 designation for second straight session

A much anticipated pension reform proposal from the Senate was formally introduced Thursday, getting the designation of Senate Bill 1 for the second straight session.

 

The designation of Bill 1 in either chamber is traditionally set aside for legislation of the highest public importance or as a symbolic measure to articulate the priority of the majority caucus.

Friday, May 19, 2017/Author: Jason Gottesman
Categories: News and Views
Gov. Wolf, Torsella repeat call for state pension boards to reduce fees, move to more passive investment strategy

Gov. Wolf, Torsella repeat call for state pension boards to reduce fees, move to more passive investment strategy

Gov. Tom Wolf and Treasurer Joe Torsella Monday doubled-down on their call for the State Employees’ Retirement System and the Public School Employees’ Retirement System to reduce their management fees, move to a more passive investment model, and increase savings opportunities.

 

The call comes on the heels of the Wolf administration combining three funds into one Treasury-managed fund and the Treasury putting all public equity investments into a passive investment model and an April 13 letter to the systems encouraging to adopt similar reforms.

Monday, April 24, 2017/Author: Jason Gottesman
Categories: News and Views

Rotunda Ramblings - Episode 41: PSERS executive director Glen Grell

 
The podcast this week features a pension reform can't miss as we sit down with PSERS executive director Glen Grell. Also, a recap of the week's budget news and other items.

Friday, April 7, 2017/Author: Jason Gottesman
Categories: Rotunda Ramblings
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