News

PA budget chief says pension reforms essential

Written by The Associated Press | Jan 28, 2013 3:13 PM
Charles-Zogby-Secretary-Budget.jpg

(Harrisburg) -- Governor Corbett's chief budget adviser says his boss is likely to call for a reduction in future pension benefits for current employees in next week's budget speech.

Speaking at a Pennsylvania Press Club luncheon in Harrisburg today, state Budget Secretary Charles Zogby said deep cuts in education or other programs are inevitable unless the rising cost of Pennsylvania's two major public pension funds is reined in.

To achieve the needed savings, Zogby says, Corbett "very likely" will propose cutting future benefits for current employees by changing the way they are calculated. He says it wouldn't affect retirees or benefits that current employees already have earned.

Zogby says the school employees' pension fund accounts for most of the increased costs because it's larger than the state employees' fund.

Published in News

Tagged under , , , ,

back to top

Post a comment

Support for witf is provided by:

Become a witf sponsor today »

witf's Public Insight Network

Grave 43: Remembering Pony

Real Life Real Issues

National Edward R. Murrow Awards

DuPont Columbia Awards

Support Local Journalism

Latest News from NPR

Support for witf is provided by:

Become a witf sponsor today »