Pennsylvania House panel OKs pension plan switch in 2015
HARRISBURG, Pa. - June 25, 2013 (WPVI) -- A state House panel has endorsed legislation to switch Pennsylvania's major public pension systems to 401(k)-style plan for new hires.
An all-Republican majority on the State Government Committee voted Tuesday to push two bills to the House floor over the objections of Democrats who say it's unfair to state and school employees.
Gov. Tom Corbett originally proposed cutting future benefits of hundreds of thousands of state employees and educators and replacing the current conventional pension plans in 2015. Legislative committees in the Senate and now in the House have embraced only the 401(k)-style change in pension plans for newly hired employees.
The House and Senate measures differ in detail and the financial implications of both are unclear. The Public Employee Retirement Commission is scheduled to review the legislation Tuesday afternoon.
harrisburg, pennsylvania, local/state
- China-bound Malaysian jet vanishes with 239 aboard
- Get ready for a break from the winter chill
- Get the 6abc StormTracker app
- WATCH: Action News Online
- Pedestrian struck, killed in Delaware County
- 2 arrested, 1 sought after cop hit by car in Delco
- Pa. Trooper's pregnant wife killed by gun discharge
- West Philadelphia body ID'd as missing woman
- Boyfriend arrested in Gloucester Co. murder
- Mom who drove minivan into ocean charged
- Chaput, Nutter, Corbett announce Vatican trip
- 3 arrests in Cumberland Co. arsons
- UPenn's Foal Cam gives LIVE view into horse's birth
- Photos: Arrests in warrant sweep, jewel theft, more
6abc.com News Links
Most Viewed StoriesMost Viewed Photos