The latest on the pension crisis facing Pennsylvania is reported today in the Standard Speaker. Bill pushes pension spike impact into future Rather than facing the pension crisis issue headon Todd Eachus and Company want to postpone the fiscal impact into the future. It's just like saying "It's Not My Problem" hoping a different legislature in the future will get the blame for any taxes tied to its rescue. These very same legislators had not problem voting themselves a 50% pension increase in 2001 that legally can't be taken away from them. Most of the legisltors who will benefit from that vote will be long gone living off the residents of the Commonwealth in retirement while blaming the funding issue on the future legislature. Wow, what a scam
Just a peak at what it will cost us taxpayers- $52 Billion!
From The Mercury, Pottstown:
By Richard C. Dreyfuss, guest columnist
Gov. Ed Rendell and the Democrat-controlled House are trying to redefine pension "reform" by further deferring the scheduled taxpayers' contributions to the state's largest government pension plans — the Public School Employees Retirement System (PSERS) and State Employees Retirement System (SERS). The cost of this "reform" with interest is a breathtaking $52 billion.