PA Governor Corbett Commends House State Government Committee for Vote toward Pension Reform

Jun 25, 2013, 16:03 ET from Pennsylvania Office of the Governor

HARRISBURG, Pa., June 25, 2013 /PRNewswire-USNewswire/ -- Governor Tom Corbett released a statement today in response to the House State Government Committee voting House Bills 1352 and 1353 out of committee:

"Today's vote further demonstrates the legislature's commitment to achieving pension reform in Pennsylvania. This is good public policy for Pennsylvania.

"I want to thank Rep. Kampf for his sponsorship of the bill, as well as Leader Turzai, Chairman Metcalfe and Rep. Ross for their leadership. I also commend the committee members who voted House Bills 1352 and 1353 out of the House State Government Committee.

"A defined contribution plan for future employees protects our pension systems by shifting investment risk away from taxpayers, while also providing a best-in-class plan for future employees.

"We're encouraged that the legislation also includes provisions to provide both short and long-term pension-related savings.

"We will continue to work with the legislature to address other aspects of pension reform."

For more information about pension reform, visit www.pa.gov.

Media contacts: Christine Cronkright, Governor's Office, 717-783-1116
Jay Pagni, Budget, 717-787-2542

SOURCE Pennsylvania Office of the Governor



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http://www.governor.state.pa.us