AFP Hails Plan to Reform Pennsylvania's Pension System

June 01, 2012

Harrisburg – Americans for Prosperity-Pennsylvania, the nation’s largest grassroots free market organization with more than 111,000 members in our state, is commending four state senators for their plan to introduce pension reform to Pennsylvania.

AFP-PA is hailing the announcement by Senate Majority leader Dominic Pileggi, Senate Majority Whip Pat Browne, Senate Appropriations Committee Chairman Jake Corman and Senate Finance Chairman Mike Brubaker that they will soon introduce legislation to reform Pennsylvania’s archaic pension system.

“We commend Senators Pileggi, Corman, Browne and Brubaker for tackling the difficult issue of pension reform head on,” said Jennifer Stefano, Americans for Prosperity’s Pennsylvania State Director. “We look forward to reviewing the legislation and supporting common sense reforms that move Pennsylvania forward towards fiscal stability. It’s time state employees’ benefits and salaries mirror those from the private sector.”

Stefano continued: “The vast majority of working Pennsylvanians contribute to what is known as a ‘defined contribution plan’ like a 401 (k) or 403 (b) plan. Employees in the private sector are responsible for saving for their own retirement and making important investment choices. For private sector employees, there is no guarantee of a fully funded pension, so there is no reason those same private sector employees must bear the burden of guaranteeing a full funded pension for state workers.”

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