VIDEO: "It's going to be Groundhog's Day in Pennsylvania," says pension expert

VIDEO: "It's going to be Groundhog's Day in Pennsylvania," says pension expert

During a House State Government Committee public hearing on pension reform, Josh McGee, Senior Fellow of The Manhattan Institute gave two solutions to solving Pennsylvania's looming pension problem. 

Tuesday, March 24, 2015/Author: Alanna Koll
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And the nominees are... Department of Agriculture Sec. Redding

And the nominees are... Department of Agriculture Sec. Redding

Meet Acting Secretary of the Pennsylvania Department of Agriculture Russell Redding. Find out more about his professional background and what new initiatives he hopes to create in his new position. 

Monday, March 23, 2015/Author: Alanna Koll
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What’s to be done about municipal pension reform?

What’s to be done about municipal pension reform?

While many of the state’s top policymakers are focusing on reforming state and public school pension issues, others are sounding the alarm on another potential pension crisis: the one affecting Pennsylvania’s municipalities.

Back in January, Auditor General Eugene DePasquale held a press conference noting 562 of Pennsylvania’s municipalities have underfunded their pension plans to the extent that they are now in distressed status.

Monday, DePasquale was again bringing attention to the issue, holding a news conference with York Mayor Kim Bracey following the audit of that city’s pension system.

The audit revealed the city is $10 million behind in its pension obligation payments.

Monday, March 23, 2015/Author: Jason Gottesman
Categories: News and Views
Could Senate pension reform bill have contract impairment issues?

Could Senate pension reform bill have contract impairment issues?

Sen. Jake Corman (R-Centre) was the featured speaker at March’s Pennsylvania Press Club luncheon and the centerpiece of his remarks fell on pension reform.

“It’s the issue, there is no other issue to discuss until we do public pensions,” he said. “We need to resolve that first so we can move forward.”

He even noted the budget’s passage will have to wait until pension reform is complete, even if that means waiting until the Fall which the governor has indicated he would open to working on pension reform.

“If that’s what he means, that’s what it means,” Sen. Corman said. 

Monday, March 23, 2015/Author: Jason Gottesman
Categories: News and Views
Capitol Quick Hits for 3.23.15

Capitol Quick Hits for 3.23.15

Here are the highlights from news conferences, rallies, and advocacy days held in the Capitol today:

  • A group of church leaders met in the Capitol Main Rotunda this morning to “Fast for Families,” a call to action of the legislature to fairly fund Pennsylvania’s public schools.
  • Auditor General Eugene DePasquale held a conference call today to discuss an announcement he made in York regarding the findings of his latest municipal pension audit. He stated the community is heading in the wrong direction despite a booming stock market.
  • The Coalition for Sustainable Communities (CSC) held a conference call this afternoon to discuss Auditor General Eugene DePasquale’s York Pension Audit and municipal pension reform. York City Mayor Kim Bracey said she was not surprised by the audit’s findings which showed that the funding ratios for the distressed fire and police pension plans have continued to decline. 

Monday, March 23, 2015/Author: Alanna Koll
Categories: Event Central
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