Study says local economy could suffer from pension reform

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Governor Corbett’s plan for pension reform is on the list in the state’s budget for next year. But a new study done in the capitol city suggests cutting pensions can directly affect the local economy. The study done by Keystone Research Center shows that in Pennsylvania, Dauphin and Lancaster counties draw in some of the high numbers when it comes to pension money going directly back into the economy.

At the Lyndon Diner in Lancaster, a large number of their customers are at the age of retirement.  Manager Kyle Wolf says a pension reform could hurt his business.

“ Some of the regulars just come in and get coffee and tea and they`re definitely strapped for cash here. It could definitely have an effect on business, “ says Wolf

The Pennsylvania state budget is due at the end of June. To see the full study click here :

http://keystoneresearch.org/publications/research/pennsylvania-pensionomics-public-pensions-fuel-economic-activity-across-pa