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Latest on GOP pension plan: Democrats say it's unfair

Written by The Associated Press | May 6, 2015 2:45 PM
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(Harrisburg) -- Republican senators are giving details about the changes they'll seek to benefits in Pennsylvania's two major public employee pension systems.

A summary of long-awaited legislation obtained by The Associated Press says Republican senators will seek concessions from many current employees and the eventual end of the debt-ridden traditional pension system that covers about 370,000 workers. Today's retirees would be unaffected.

Republicans say Pennsylvania's pension debt is the state government's biggest fiscal problem. Senate Majority Leader Jake Corman says he's awaiting the results of an actuary's analysis that'll estimate savings under the Senate GOP's plan.

Many current employees would be required to contribute more to maintain their current benefit, while future employees would get a 401(k)-style plan and a cash balance plan.

Democrats say the proposal would punish workers for the failings of public officials.

Senate Minority Leader Jay Costa says workers have made their required contributions, and shouldn't pay a price because policymakers made decisions that resulted in a huge pension debt.

Among the affected would be teachers, state police troopers, lawmakers and judges.

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Comments: 2

  • Larry img 2015-05-07 06:34

    That is correct!

    Current employees should not bare the responsibility for the failure of legislators to perform those past contributions.

    The plan should be changed going forward only.

  • iwitwat img 2015-05-07 23:46

    Democrats said it was unfair to agree with your point of view. I must say thank you. IWC WATCHES

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