New legislation aims to address “Silver Tsunami”

New legislation aims to address “Silver Tsunami”

Looking address the so-called “Silver Tsunami” of people retiring without the savings or revenue to meet expenditures, Representatives Mike Hanna (D-Clinton) and Mike Driscoll (D-Philadelphia) are introducing legislation to bridge the gap for Pennsylvanians who do not have employer-sponsored retirement plans.

 

The proposal—still in co-sponsorship memo form—would form the Keystone Retirement Security Program to allow for automatic payroll deductions for Pennsylvanians who elect to participate in the program.

Monday, September 12, 2016/Author: Jason Gottesman
Categories: News and Views
Pension reform headed for conference committee

Pension reform headed for conference committee

The Senate Thursday evening voted to non-concur on Senate Bill 1071—legislation recently passed by the House containing a so-called “stacked hybrid” pension reform plan—setting the bill up to go to conference committee where the House and Senate can work out their differences on pension reform.

 

During a Senate Rules Committee meeting Thursday evening, Senate Majority Leader Jake Corman (R-Centre) noted the legislation as returned from the House as amended did not have the support of a majority of the Senate Republican caucus.

Thursday, June 23, 2016/Author: Jason Gottesman
Categories: News and Views
Rotunda Ramblings - Episode 17

Rotunda Ramblings - Episode 17

A budget and pension discussion-packed podcast awaits you! Hear budget updates from House Majority Leader Dave Reed (R-Indiana) and House Appropriations Chairmen Bill Adolph (R-Delaware) and Joe Markosek (D-Allegheny). 

We get into the pension bill that passed the House this week, getting Senate reaction from Majority Leader Jake Corman (R-Centre), Appropriations Chairman Pat Browne (R-Lehigh), and Sen. John Blake (D-Lackawanna). Rep. Mike Tobash (R-Schuylkill), who sponsored the proposal, provides a defense of his plan.

The crew also talks about the legalization and regulation of daily fantasy sports betting, hearing from Rep. George Dunbar (R-Westmoreland) and House Gaming Oversight Chairman John Payne (R-Dauphin). 

The podcast then turns to a talk on statute of limitations reform with comments from Sen. Stewart Greenleaf (R-Montgomery) and Rep. Mark Rozzi (D-Berks).

We wrap up talking about a hearing creating a centralized agency for administrative hearings and what's new with combatting the opioid addiction epidemic.

All of that in less than 30 minutes!

CLICK HERE to listen to the latest episode.

Friday, June 17, 2016/Author: Jason Gottesman
Categories: Features
Corman: Changes coming to House-passed pension reform bill

Corman: Changes coming to House-passed pension reform bill

While the House passed a pension reform bill along bipartisan lines Tuesday, the proposal they sent back over to the Senate will likely be returning their way with changes.

While Senate Majority Leader Jake Corman (R-Centre) said he has not seen the full proposal the House amended into Senate Bill 1071 and passed on Tuesday, he told reporters Tuesday afternoon there is no chance his chamber will merely concur in the bill the House sends their way.

“It’s obviously a different structure than what we proposed, we have some concerns about it,” he said. “We have never committed to run it as is, so my guess is we may have some changes and we’ll go from there.” 

Tuesday, June 14, 2016/Author: Jason Gottesman
Reed answers budget and pension questions

Reed answers budget and pension questions

House Majority Leader Dave Reed (R-Indiana) and other members of House Republican leadership joined press this afternoon to answer questions regarding issues such as pension reform and the state budget. 

Tuesday, June 14, 2016/Author: Kara Barmoy
Categories: Video
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