PA gov: Pension costs are ‘Pac-Man’ to the budget (VIDEO)
Pension reforms may start by targeting financially-struggling school districts
By Eric Boehm | PA Independent
NEW CUMBERLAND — Gov. Tom Corbett said Monday he is talking with legislative leaders about solving the state’s growing public pension costs. and a high-ranking member of the House GOP indicated that addressing the pension systems of financially strapped public schools would be a good first step.
The pension payments are expected to climb to more than $4 billion by the fiscal year that begins in July 2016, making the pension funds one of the largest cost drivers in state government, Corbett said.
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