Pension Reform Meeting Set For Thursday Evening
Pennsylvania currently has a 50 billion dollar problem.
It’s the state’s pension system and it’s been at the forefront of debate for months as Governor Tom Corbett and state lawmakers try to make a change.
“To me, it’s the most dominant issue facing this commonwealth. And, we need to tackle it now because if we don’t today, it’s only going to get worse,” said Representative Seth Grove.
Representatives Stephen Bloom and Mike Tobash are holding a meeting Thursday evening to help educate people about the issue.
“The gravity of the situation in itself, I think, should be enough for members to make this important vote,” Representative Tobash said.
Tobash is the author of a leading pension reform plan which is under consideration in the House.
It’s a ‘hybrid’ plan that would affect new state employees and blends elements of the existing system with one similar to a 401-K.
Governor Corbett backs Tobash’s plan, saying it could save up to 15 billion dollars over 30 years.
“The alternative would be to continue to tax not only the businesses, but the people in Pennsylvania and all the businesses in Pennsylvania more and more and more every year.”
However, not everyone is on board with the ‘hybrid’ plan.
“The problem is what’s out there doesn’t solve the short term problem, doesn’t solve the long term problem, all it does is puts employees in an inferior pension plan,” added Representative Glen Grell.
The meeting will be held Thursday evening at 7:00 p.m. at the Middlesex Township Building in Carlisle.
There will be a chance for people to ask questions about pension reform and offer their input.