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Pennsylvania House sends public pension overhaul to Senate

Written by The Associated Press | Jun 14, 2016 7:23 PM
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(Harrisburg) _ Pensions for newly hired school employees and state workers would see some major changes under a proposal that's been approved by the state House and sent to the Senate.

The House voted 136 to 59 on Tuesday to put new hires into a combination of a traditional pension plan and 401(k)-style benefit plan.

Supporters say it would save about $5 billion over the next 32 years. Pennsylvania's pension debt is estimated at more than $50 billion.

The bill faces an uncertain future in the Senate, where both Republican and Democratic leaders are voicing reservations about it.

The vote comes as lawmakers in the Republican-controlled General Assembly and Democratic Governor Tom Wolf are less than three weeks from the July 1 start of the state's new fiscal year.

Published in Harrisburg

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