Jun. 15, 2016 Download
The Pennsylvania House approved landmark public pension reform legislation on Tuesday that would place new state workers and public school employees into a hybrid retirement system which includes a mandatory 401(k)-type plan. Pennsylvania’s existing defined benefit pension systems, the State Employees’ Retirement System and the larger Public School Employees’ Retirement System presently face billions in unfunded liability and require an increasingly large share of state and school district budget dollars to maintain funding requirements. Rep. Doyle Heffley (R-Carbon) said this historic pension reform bill would take an important step toward addressing the state’s pension crisis without impacting current employees or retirees. Senate Bill 1071 now returns to the Senate for concurrence.
Jun. 15, 2016 Download
Legislation designed to reform Pennsylvania’s public pension system and place new state workers into a hybrid retirement plan has been approved by the Pennsylvania House. The hybrid formula would provide prospective employees with a baseline pension, and a defined benefit – 401K style – plan for any income earned over $50,000. The change will also help to address the unfunded pension liability currently plaguing the Commonwealth’s Public School Employees (PSERS) and State Employees (SERS) retirement systems.
Senate Bill 1071 now awaits concurrence in the Senate.
Jun. 14, 2016 Download
Legislation designed to reform Pennsylvania’s public pension system and place new state workers into a hybrid retirement plan has been approved by the Pennsylvania House. Senate Bill 1071 would establish a hybrid defined contribution/defined benefit retirement plan for future state and school employees. Under the new formula, prospective employees would receive a baseline pension based on the traditional formula, and a defined benefit – 401K style – plan for any income earned over $50,000, or after 25 years of service.
Jun. 14, 2016 Download
Legislation designed to reform Pennsylvania’s public pension system and place new state workers into a hybrid retirement plan has been approved by the Pennsylvania House. Senate Bill 1071 would establish a hybrid defined contribution/defined benefit retirement plan for future state and school employees. Under the new formula, prospective employees would receive a baseline pension based on the traditional formula, and a defined benefit – 401K style – plan for any income earned over $50,000, or after 25 years of service.
Jun. 14, 2016 Download
Legislation designed to reform Pennsylvania’s public pension system and place new state workers into a hybrid retirement plan has been approved by the Pennsylvania House. Senate Bill 1071 would establish a hybrid defined contribution/defined benefit retirement plan for future state and school employees. Under the new formula, prospective employees would receive a baseline pension based on the traditional formula, and a defined benefit – 401K style – plan for any income earned over $50,000, or after 25 years of service.
Jun. 10, 2016 Download
The Legislative Report Program with Rep. Ryan Mackenzie (R- Lehigh & Berks) is now available on the House Republican Radio News Service. You may use this brief public affairs report in its entirety or edit it down for actualities to use in your state government news coverage.
Jun. 10, 2016 Download
The weekly Legislative Report Program with Rep. Martin Causer (R-McKean, Potter & Cameron) is now available on the House Republican Radio News Service. You may use this brief public affairs report in its entirety or edit it down for actualities to use in your state government news coverage.
Jun. 10, 2016 Download
College and university employees who interface with minors as part of their job would have to undergo background checks under an amendment recently approved by the Pennsylvania House. The amendment, sponsored by Rep. Doyle Heffley (R-Carbon), is attached to Senate Bill 1156, and is designed to eliminate an existing exemption in the Commonwealth’s Child Protective Services Law. Heffley said staff at Pennsylvania’s institutions of higher learning which host programs for students under 18 should not be excused from a law designed to protect all children.
Chuck Nichols Reports – Story and Bite available.
Jun. 09, 2016 Download
The weekly Legislative Report Program with Rep. Matt Baker (R- Tioga, Bradford & Potter) is now available on the House Republican Radio News Service. You may use this brief public affairs report in its entirety or edit it down for actualities to use in your state government news coverage.
Jun. 09, 2016 Download
A new Legislative Report Program-Podcast with Representative Matt Gabler (R-Clearfield & Elk) is now available on the House Republican Radio News Service. You may use this brief public affairs report in its entirety or edit it down for actualities to use in your state government news coverage.