In the guise of a solution, Gov. Corbett’s pension reform plan would make the problem worse.
It would weaken employee retirement funds, eventually cost taxpayers $179 million more a year, and add $5 billion to unfunded pension liabilities by 2019, and even more afterward.
And those aren’t the only reasons the legislature should reject the governor’s plan. It also imperils the state’s finances, and its proposed cut to current employees’ benefits would not survive a legal challenge.