Jun. 14, 2016
HARRISBURG – In a bipartisan vote of 136-59, the House of Representatives today sent the Senate legislation to reform the state’s public employee pension systems in order to save taxpayers over $5 billion and make the systems sustainable in the long term, said House Majority Leader Dave Reed (R-Indiana).
Senate Bill 1071 preserves the benefits of current retirees, teachers and state employees, while protecting the interests of taxpayers. If enacted, the changes to the public pension systems will apply only to future state and school employees who first begin service in 2018.
“Pension reform not only protects our taxpayers, but also enables the commitment to our retirees and current employees to be kept as promised,” Reed said. “With pension obligations being the No. 1 cost-driver for school districts and the state, pension reform is an absolute necessity to avoid property tax increases as well as cuts to essential services.
“We built a bipartisan consensus to pass a responsible public pension reform plan addressing flaws in the current system and protecting the taxpayers who foot the bill,” Reed said.
Representative Dave Reed
62nd Legislative District
Pennsylvania House of Representatives
RepDaveReed.net /
Facebook.com/RepReed