Post by Logan on Jun 16, 2016 23:53:11 GMT -6
Pa. State House passes pension reform bill; fate in Senate is uncertain
The Pennsylvania House of Representatives gave final passage Tuesday to a new set of reforms to the state's major public employee pension funds, but its immediate future in the state Senate is unclear.
The House vote, at 136-59, was strong and bipartisan, with "yes" votes coming from from 103 Republicans and 33 Democrats.
Gov. Tom Wolf quickly signaled he would sign the bill as is.
But leading pension reform proponents in the Senate continued to push Tuesday for changes they say would shift more retirement cost for future state and public school employees from the current "defined benefit" system to 401(k)-style plans.
Read more: www.pennlive.com/politics/index.ssf/2016/06/state_house_passes_pension_ref.html
The Pennsylvania House of Representatives gave final passage Tuesday to a new set of reforms to the state's major public employee pension funds, but its immediate future in the state Senate is unclear.
The House vote, at 136-59, was strong and bipartisan, with "yes" votes coming from from 103 Republicans and 33 Democrats.
Gov. Tom Wolf quickly signaled he would sign the bill as is.
But leading pension reform proponents in the Senate continued to push Tuesday for changes they say would shift more retirement cost for future state and public school employees from the current "defined benefit" system to 401(k)-style plans.
Read more: www.pennlive.com/politics/index.ssf/2016/06/state_house_passes_pension_ref.html