The Pottstown Mercury writes how school employees protested the West Chester School Board’s resolution supporting House Bill 2135 and Senate Bill 1185. These bills are attempts to reform the current system by creating a “hybrid plan,” and only for new hires – though this reform itself would be subject to the same political manipulation as the current plan.
Oddly enough, thought the PSEA has widely criticized taxpayers not paying enough into the fund, they have not said anything about Gov. Rendell’s proposal… which basically boils down to paying less into the fund. It is this sort of politics being played with defined contribution plans that necessitate the need for reform and moving to a defined contribution model.