HARRISBURG, Pa. (AP) – The latest bill in the Pennsylvania Legislature to overhaul benefits in the state’s two large public pension systems is stalling as the legislative session winds down.
Neither the House nor the Senate held a vote on the bill Wednesday night, and Senate Majority Leader Jake Corman says he doesn’t expect the legislation to pass before the session ends Nov. 30. The House adjourned Wednesday night, but scheduled a Thursday voting session.
The recently unveiled bill is a variation of legislation that Republicans have tried unsuccessfully for several years to pass.
The bill would reduce traditional pension benefits for newly hired state government and public school employees and add plan options that rely on a 401(k)-style benefit.
The changes wouldn’t yield any short-term savings for the state and school districts, but supporters say it’ll help shield them from spikes in pension obligations in the future.
Democratic Gov. Tom Wolf was non-committal on the bill.