Today, Rep. Glen Grell unveiled a state pension reform proposal.
We applaud Rep. Grell’s efforts to address the impending pension crisis. Absent reform, pension contributions will continue to soar, consuming more of our state budget while requiring property tax increases or teacher layoffs at the school district level.
We agree with Rep. Grell that we cannot afford to do nothing about the pension crisis. But we urge lawmakers to work for stronger reforms, most importantly, creating a 401(k) for new hires. We must find a solution that can pass both legislative chambers and preserve retirement for workers while protecting taxpayers.
There can be no doubt that Pennsylvania families and workers need lawmakers to take up pension reform now.
To learn more about pension reform, click here.