Pension Overhaul Stumbles on Procedural Vote
7/1/2014
HARRISBURG – Rep. Seth Grove (R-York) today released the following statement regarding the House’s vote to send House Bill 1352, which reforms the state’s pension system, to the House Human Services Committee:

“I am saddened that my House colleagues voted to use this procedural maneuver to put off real reform of our Commonwealth’s troubled pension systems. This is a massive problem, which not only effects our state’s government, but every school district facing skyrocketing pension obligations. This plan would save anywhere between $11-16 billion over the course of the next three decades, hopefully curbing costs for those districts and the commonwealth. This is a reasonable, responsible plan which would have preserved pension benefits for current workers and retirees, while setting up a more sustainable hybrid plan for new hires, combining elements of a traditional pension plan with those of 401(k)-style plans.

“We are dealing with an unfunded liability that exceeds $40 billion. This isn’t a crisis we cannot pass on to our children and grandchildren. I remain committed to working with my colleagues to create real solutions to this problem.”

Representative Seth Grove
196th District
Pennsylvania House of Representatives

Media Contact: Nick Ruffner
717.260.6258
RepGrove.com / Facebook.com/RepSethGrove
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