Thursday, July 24, 2014
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Inquirer Editorial Extra: Corbett pension remedy is no fix

Inquirer Editorial Extra: Corbett pension remedy is no fix

A PBS Frontline report looks at shortcomings of retirement programs, pensions and personal-saving accounts designed to aid us in later years.
A PBS Frontline report looks at shortcomings of retirement programs, pensions and personal-saving accounts designed to aid us in later years.


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.

Read more on the Wednesday Inquirer editorial page.

 

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The Inquirer Editorial Board's Say What? opinion blog showcases the work of the editors and writers who produce the newspaper's daily and Sunday opinion pages.

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