House GOP leader pushes for pension hybrid plan


Make text smaller Make text larger




HARRISBURG — Republicans in the Pennsylvania House of Representatives say they hope the flurry of budget season lawmaking will include passage of a hybrid pension system for state workers and school employees.

Majority Leader Mike Turzai appeared with other Republican members and business leaders at a Capitol news conference on June 4 to promote a proposal for a system that combines elements of a traditional pension with aspects similar to a 401(k).

Pennsylvania's state government and school districts are grappling with significant pension obligations, and Gov. Tom Corbett has indicated his support for the hybrid approach. The proposal probably won't provide significant help for the 2014-15 budget that's due in several weeks.

The state's largest teachers' union says the proposal would be bad for the state's bond rating and economically disastrous.


Make text smaller Make text larger

MUST READ NEWS

Image When teens lie (because they all do!)
By Hank Pellissier
“Nelly, where are you going?” asks her mother one Saturday night, as her 16-year-old daughter scampers out the front door in a low-cut shirt...
Image 'X-Scapes,' a new exhibit at ESU gallery
— Susan Molina Washington and Stephen Washington, two artists who explore abstract expressionism and bring their own...
Image Water Expert Andy Ball: Changing Resins
With the proper pretreatment and maintenance, the average water softener will not need its resins replaced in its lifetime (20 + years). It is impossible to accurately determine...
Image Learn how to cope with stress
Feeling frazzled?
Everyone — adults, teens, and even children — experiences stress at times.
Stress can be beneficial by helping people develop the skills...

VIDEOS


Sign up to get our newsletter emailed to you every week!

  • Enter your email address in the box below.
  • Select the newsletters you would like to subscribe to.
  • Click the 'SUBSCRIBE' button.

Comments

Pool Rules



MOST COMMENTED



Weather in Milford, PA