Reform of Pennsylvania’s statewide public pension systems passes House; Senate concurrence next

Reform of Pennsylvania’s statewide public pension systems passes House; Senate concurrence next

Reform of Pennsylvania’s statewide public pension systems passes House; Senate concurrence next
The state House of Representatives has passed a bill that transforms the retirement benefits for future state and public school employees  from a formula-driven system based on salary at retirement to a 401(k)-style system. The bill passed on a 106-89 vote, and was carried with all Republic…
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Robert J Storm
Eastern Region Vice President