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

Keeping up with the neighbors

A look at state government news across the region

Maryland deals with its own pension crisis; New Jersey sees another casino close; and New York sees inquiries into public record retention policies. 

Monday, August 18, 2014/Author: Mike Howells
Categories: Features
VIDEO: Corman discusses budget/revenue possibilities

VIDEO: Corman discusses budget/revenue possibilities

Senate Appropriations Chairman Jake Corman gives an update of budget negotiations after an off-the-floor meeting. 

Thursday, June 26, 2014/Author: Alanna Koll
Categories: Video
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