PA senators aim to put all new state workers in 401(k) plan
A pared version of a Republican-backed public pension overhaul would move most newly hired state workers and public school employees into a defined contribution pension system, starting in 2015.
Read More →Pension reforms ready to move, even as state plans underfund
It’s the last of Gov. Tom Corbett’s three major policy initiatives to get out of the starting blocks, but reforms to the state’s public pension systems will finally get a public hearing this week.
Read More →Future credit-rating downgrades among unseen costs of PA pension crisis
By Eric Boehm | PA Independent
HARRISBURG — When looking at Pennsylvania’s pension crisis, some of the problems are obvious — like $47 billion that is owed to current workers and retirees.
Other costs are less well defined, but should be a part of the discussion as state lawmakers decide whether changes to the state’s two pension systems will [...]
Unions say no changes needed as $47 billion unfunded liability grows
For the chairman of the Senate Finance Committee, the big picture is also the bottom line.
Read More →Police union says Dem proposal on collective bargaining is retaliation
By M.D. Kittle | Wisconsin Reporter
MADISON – “Sour grapes.”
That’s how Jim Palmer, executive director of the Wisconsin Professional Police Association sums up a proposal that would bring cops and firefighters under the provisions of Wisconsin collective bargaining reforms – the same requirements by which their public sector brethren are bound.
Sen. Tim Carpenter, D-Milwaukee, this week [...]
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