Senate legislation that would overhaul Pennsylvania’s state-run pension plans that benefit state and public school employees received the “tweaks” many were anticipating in a Tuesday morning vote by the House State Government Committee.
The legislation was changed to allow all current state employees—not just elected officials—to opt-in to the new side-by-side hybrid pension plan, eliminate the artificial funding collars for FY 2016-2017 the Senate included in the legislation, and require the Public Employee Retirement Commission to attach an actuarial note to the legislation as required by law.
All of the changes were agreed-to unanimously, but committee Democrats uniformly opposed the full measure.