Commission Signs Off on Actuarial Analysis of “Rescue Effort” Pension Reform Plan, Skepticism Abounds

Commission Signs Off on Actuarial Analysis of “Rescue Effort” Pension Reform Plan, Skepticism Abounds

After an hour-long executive session and an hour long public meeting, the Public Employee Retirement Commission (PERC) unanimously approved an actuarial note to the hybrid pension plan offered by Rep. Mike Tobash (R-Schuylkill).

Rep. Tobash called the plan a “rescue effort” in terms of pension reform and a first step in broader changes designed to attack an estimated $40 billion-plus unfunded liability.

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Wednesday, May 28, 2014/Author: Jason Gottesman
Categories: News and Views

Pension Reform Bill Could be Introduced Friday, See Vote Next Week

The hybrid pension reform plan that has been worked on by Rep. Mike Tobash (R-Schuylkill) for months could see the light of day as early as tomorrow. 

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Thursday, May 1, 2014/Author: The PLS Reporter
Categories: News and Views
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