Tuesday, June 22, 2010

Newspaper: Pension bill fails to provide needed reform

The Pennsylvania Legislature did what it does best when faced with a tough issue: Punt. The lawmakers simply put off until tomorrow what they should have done today when dealing with the state's public pension ticking time-bomb.

From an editorial in The Mercury:
The pension bill passed by the state House last week may ease for the short term the severity of skyrocketing increases faced by school districts and taxpayers.

But, the bill is more relief than reform, and the public pension system in Pennsylvania demands both.

Structural changes are needed to the public pension systems to make funding them more affordable for Pennsylvanians.

Reform is needed; instead the House voted for short-term relief.
Read the full editorial at the newspaper's Web site.

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