Pending contingencies, Rep. Grell to leave legislature for PSERS

Pending contingencies, Rep. Grell to leave legislature for PSERS

Rep. Glen Grell (R-Cumberland) confirmed to The PLS Reporter Wednesday that, pending the fulfillment of a number of outstanding contingencies, he will leave the legislature to take over as executive director for the Public School Employee Retirement System.

“The offer has been made, there’s some contingencies on it, assuming those are satisfied, we would expect to accept the offer,” he said.

According to a news release from PSERS, the offer is effective May 1, 2015, and depends on a number of necessary approvals and background checks.

Wednesday, April 15, 2015/Author: Jason Gottesman
Categories: News and Views
House, Senate GOP leaders react to budget planning meeting with governor

House, Senate GOP leaders react to budget planning meeting with governor

Tuesday marked the first time House and Senate GOP leaders met with the governor to begin initial talks about how to move forward this spring with the budget for the coming fiscal year.

Following the meeting, The PLS Reporter caught up with some of those leaders to find out what they have to say and where they feel the budget talks are heading.

Tuesday, April 14, 2015/Author: Jason Gottesman
Categories: News and Views
Senate pension reform plan coming soon

Senate pension reform plan coming soon

According to Sen. Pat Browne (R-Lehigh), Majority Chairman of the Senate Appropriations Committee and the likely prime sponsor of a Senate pension reform bill, the Senate Republican’s pension reform plan is still being worked on and could see the light of day in April.

The caucus leadership has repeatedly said pension reform must be dealt with before any revenue increase considerations can be had.

“I want to have something our caucus will support before I put it in,” Sen. Browne told reporters Monday afternoon following a budget hearing with the Budget Office. “But, it’ll be very different from what the governor proposed.”

Monday, March 16, 2015/Author: Jason Gottesman
Categories: News and Views
House Republicans see some positives to Gov. Wolf’s pension proposal

House Republicans see some positives to Gov. Wolf’s pension proposal

Some House Republicans are praising portions of the pension proposal laid out by Gov. Tom Wolf in his budget address Tuesday.

In that address, Gov. Wolf proposed borrowing $3 billion to refinance some of the PSERS unfunded liability with the debt service to be paid by $185 million per year obtained through revenues from liquor modernization.

He also called for reforming the investment strategies of both state-run pension systems so as to reduce the cost of fund management fees, which is hoped to save $200 million annually and reduce the unfunded liability by more than $2 billion over its anticipated life.

Wednesday, March 4, 2015/Author: Jason Gottesman
Categories: News and Views

Lame duck session days may be used for pension reform

After Tuesday’s House Republican closed-door caucus, which reportedly included a strategizing session related to the passage of pension reform, the prime author of the leading pension reform proposal in the House remained optimistic about the proposal’s passage.

However, according to Rep. Mike Tobash (R-Schuylkill), it is not “unwarranted” to use the tool of adding extra session days—possibly even after the November election—to move his pension reform proposal over the finish line.

Tuesday, October 7, 2014/Author: Jason Gottesman
Categories: News and Views
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