Amount of risk-shift to play key role in Senate review of compromise House pension reform proposal

Amount of risk-shift to play key role in Senate review of compromise House pension reform proposal

Monday afternoon, the House once again displayed its bipartisan chops in advancing an amendment by Rep. Mike Tobash (R-Schuylkill) to Senate Bill 1071 with a 150-41 vote.

The proposal provides for a so-called “stacked hybrid” pension plan that would significantly reform state and public school pension plans by shifting to a defined contribution model for those earning $50,000 per year or more, but maintaining the current defined benefit model for those earning less than $50,000 per year

Monday, June 13, 2016/Author: Jason Gottesman
Renewed work on municipal pension reform legislation to begin soon

Renewed work on municipal pension reform legislation to begin soon

The Senate Appropriations Committee Tuesday divested itself of House Bill 414, legislation that contains significant reforms for municipal pension plans, and requested the legislation be sent back to the Senate Finance Committee where those hopeful of a comprehensive solution to the issue will renew their work to find a consensus product.

Tuesday, May 17, 2016/Author: Jason Gottesman
Categories: News and Views
Republican leaders meet to set stage for further budget negotiations

Republican leaders meet to set stage for further budget negotiations

For the first time in several weeks, both the House and the Senate were in voting session Monday and Republican leaders in the House and the Senate used some of the time to get together to set the stage for what many are hoping is an on-time budget.

Monday, May 16, 2016/Author: Jason Gottesman
Categories: News and Views
Proposals would split retirement commission’s functions between IFO, Office of Auditor General

Proposals would split retirement commission’s functions between IFO, Office of Auditor General

Two identical proposals—one offered in the Senate and one offered in the House—would take the functions of the Public Employee Retirement Commission, the independent legislative agency tasked with reviewing pension legislation and determining state aid for municipal pension plans, and split them between the Independent Fiscal Office and Office of Auditor General.

The Senate Finance Committee Tuesday afternoon unanimously moved along the Senate version of the legislation, Senate Bill 1227, sponsored jointly by Sen. John Blake (D-Lackawanna) and Sen. Pat Browne (R-Lehigh).

Tuesday, May 10, 2016/Author: Jason Gottesman
Categories: News and Views
Keeping up with the neighbors: Pennsylvania -- Don't call us Illinois

Keeping up with the neighbors: Pennsylvania -- Don't call us Illinois

In the latest installment of The PLS Reporter's "Keeping Up With the Neighbors" -- a periodic feature looking at state news in surrounding states -- we give a status update on Illinois' budget impasse and compare and contrast the situation with the one Pennsylvania faced in 2015-2016.

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Pennsylvania’s budget impasse was a dismal saga almost unique in the country for the length and scope of its futility. Almost - but not completely. 

The Commonwealth has one state in particular to thank for keeping it out of the record books. Illinois, which runs on the same fiscal calendar, is still without an enacted budget for 2015-16. 

Monday, May 9, 2016/Author: Mike Howells
Categories: Features
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