HARRISBURG, Pa. (WHTM) – A Pennsylvania legislator has introduced a pair of bills to provide early retirement incentives for public school teachers and state employees.
Rep. Peter Daley (D-Fayette/Washington) says his incentives would save money for school districts and state agencies because they wouldn’t have to pay the higher salaries of tenured employees. The savings would fund new hires.
State workers and teachers with 30 years of service, or age plus years of service equaling 80, would be eligible for full retirement benefits through their state pension plans before reaching their normal retirement age.
“We can give our economy a needed boost without furloughs or cutting programs,” Daley said in a statement. “We also can help address the $50 billion unfunded liability in the state’s pension plans.”
Daley said his House Bill 861 would create as many as 10,000 jobs for young teachers and House Bill 862 could create up to 4,000 new entry-level state jobs.