Pennsylvania’s pensions are the 10th worst funded in America and the unfunded liabilities exceed $16,500 for every man, woman and child in the Commonwealth.
That spells bad news for Pennsylvania employees, retirees and their families.
Pennsylvania’s public pension system needs structural changes in order to honor promises to public sector retirees while protecting Pennsylvania’s hardworking taxpayers.
Right now, Pennsylvania lawmakers are working on comprehensive pension reforms to protect against a coming disaster. This is not about politics. It’s not about Democrats or Republicans, or whether you are on the political left or right.
Senate Bill 1 would provide workers with several retirement options for employees of all generations and personal preferences, including defined benefit/contribution hybrids and a 401k-style plan. Senate Bill 1 will help Pennsylvania keep its promises to employees and retirees alike, while opening the door for further improvements.
The time for reform is now. Tell your Pennsylvania lawmaker to support Senate Bill 1 for pension reforms!
