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Budget secretary calls for pension changes to balance PA budget

Written by The Associated Press | Mar 27, 2013 11:56 AM

(Harrsiburg) -- Governor Corbett's top budget adviser says changes are needed in the major state pension funds even if Corbett's long-range proposals stall in the state Legislature. 

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Budget Secretary Charles Zogby says $175 million in savings from a proposed short-term reduction in taxpayers' contributions is necessary to balance the state budget for the fiscal year starting July 1. Zogby says those savings are also crucial to limiting taxpayers' liability for the following two years.

In February, Corbett proposed wide-ranging reforms that would cut future pension benefits for hundreds of thousands of state and school employees. But the administration has yet to line up sponsors for the bill.

Corbett's general counsel, James Schultz, also outlined on legal issues in an expected court challenge if lawmakers approved the future-benefit cuts.

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