 |
| English: Tom Corbett at the McCain rally at the Greater Pittsburgh International Airport (Photo credit: Wikipedia) |
 |
Hi, Who wants to fix pension debt by creating more debt? Pennsylvania Governor Tom Corbett of course! Right now, the governor is planning to weaken the state’s two retirement funds – the Public School Employees’ Retirement System (PSERS) and the State Employees’ Retirement System (SERS) – by diverting new state workers into a risky 401(k)-like defined contribution plan. Instead of saving our budget, a new defined-contribution may actually deepen the burden on taxpayers by as much as $179 million more each year. Just a few years ago, Pennsylvania lawmakers passed ACT 120, a bi-partisan pension reform that preserves our current system and cuts $3 billion in future costs over the next three decades. Remind Governor Corbett that Pennsylvania has already made cost saving reforms to the pension system. Add your name to the petition to tell lawmakers to let ACT 120 work. Governor Corbett’s plan won’t just threaten current workers; it will also threaten our future. At least $112 million of the $179 million needed to fund this plan will fall on our local school districts. We can’t let Gov. Corbett gamble with our future for the sake of political ideology. At least 12 other states have already found that switching from defined benefit pensions to 401(k)s were costly mistakes. We can’t let this happen in Pennsylvania. Remind Governor Corbett that Pennsylvania has already made cost saving reforms to the pension system. Add your name to the petition to tell lawmakers to let ACT 120 work. Pass it on. |
No comments:
Post a Comment