(Harrisburg) -- Leaders of the Democratic minority in the state Senate say a potential $140 million surplus in school-pension reimbursements should be plowed back into the commonwealth's pension system.
Democratic Leader Jay Costa says any surplus should be used over two years to help cover the fast-growing state share of the two major public-pension funds.
The school-employee pension fund reports a $69 million surplus in the fiscal year that ended in June as a result of shrinking school-district payrolls. Officials say the trend appears to be continuing this year.
Costa opposes Republican Governor Corbett's plan to temporarily reduce the state's pension fund contribution to save $175 million next year to help balance the state budget. He says Corbett should think about postponing business tax breaks instead.
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