Major public pension bill stalls in Legislature

state capitol street

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.

Get breaking news, weather and traffic on the go. Download our News App and our Weather App for your phone and tablet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s