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Archive - Jan 24, 2014 - News Article

Scarnati: ‘Obsolete’ state pension must go

January 24, 2014

A partisan Legislature still appears to stand in the way of state pension reform as “revenues in the Commonwealth continue to lag behind growing expenses,” one such expense being an “unsustainable” pension plan, according to Senate President Pro Tempore Joe Scarnati (R-Jefferson).
Rising pensions costs are expected to hover around $2 billion for next year’s budget, up from $1.4 billion for fiscal year 2013.
Representing the 25th District, Scarnati on Thursday morning said it appears the system is broke.

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