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Corr Votes for Public Pension Reform Bill Headed to Governor to be Signed Into Law
6/8/2017
HARRISBURG – State Rep. Michael Corr (R-Montgomery) today voted in Harrisburg in favor of a comprehensive public pension reform bill approved by the state House that would reduce costs for taxpayers, provide competitive retirement benefits for future state workers and teachers, and secure the pension benefits of current public workers and retirees.

“This plan would save Pennsylvania taxpayers billions of dollars while ensuring the pension plans are able to meet the needs of teachers, state workers and retirees,” Corr said.

Pennsylvania operates two public pension systems – one for state workers, and the other for public school teachers and employees. The systems currently are $62.7 billion in debt.

The reform bill would help strengthen the two public pension systems to ensure they are able to provide benefits already earned by current teachers, state workers and retirees. Their retirement benefits would not be affected by the changes included in the bill.

Future state and school employees beginning in 2019 would be eligible for different, competitive retirement benefits. The new retirement plans available to future employees would reduce risks and costs for taxpayers by offering them plans more in line with retirement benefits provided to workers in the private sector.

“We can provide competitive retirement benefits for future workers while reducing the burden on Pennsylvania taxpayers,” Corr said. “For current state workers and teachers, when it comes to their pension benefits, a promise made will be a promise kept.”

Current employees would be able to choose whether to remain in the existing pension system or take advantage of one of the new retirement plans.

State court decisions prevent the Legislature from altering pension benefits already earned by state workers and school employees.

The Pew Charitable Trusts, an evidence-based and non-partisan organization, said when describing the bill, “Our research indicates that this would be one of the most – if not the most – comprehensive and impactful reforms any state has implemented.”

The bill was previously approved by the state Senate and now heads to the governor’s desk to be signed into law.

Rep. Michael Corr
150th Legislative District
Pennsylvania House of Representatives

Media Contact: Daniel Massing
717.772.9845
dmassing@pahousegop.com
RepCorr.com / Facebook.com/RepCorr



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