Auditor General offers to take over PERC’s municipal pension-related functions

Auditor General offers to take over PERC’s municipal pension-related functions

In a response to an open letter from Public Employee Retirement Commission executive director James McAneny Thursday, Auditor General Eugene DePasquale said his department would willing to take over PERC’s municipal pension-related functions should the commission no longer be able to operate.

Since the December 2015 line-item veto of a Republican-crafted budget proposal, PERC has been without an operating budget and the commission was notified this week that its functions would be terminated and its employees would lose their jobs with the commission.

Thursday, February 4, 2016/Author: Jason Gottesman
Categories: News and Views
Budget framework’s lack of detail leaves more questions than answers

Budget framework’s lack of detail leaves more questions than answers

It is likely to be into the middle of next week before a final budget is finally wrapped up, House Appropriations Committee Majority Chairman Bill Adolph (R-Delaware) told The PLS Reporter Wednesday.

“I believe it’s a six day process,” he said of what it takes to get a budget done. “If today was the first day, you would probably have to add at least five more days to the finish line.”

He said Wednesday could be the first day, “but we’re not sure.”

When asked if it would at least take until early or mid-week next week to get a budget done, Rep. Adolph responded, “absolutely.”

Wednesday, December 2, 2015/Author: Jason Gottesman
Categories: News and Views
Municipal pension reform work continues amid budget stalemate

Municipal pension reform work continues amid budget stalemate

Legislators sponsoring bills to reform municipal pensions are continuing their work to get to compromise legislation while others are focused on resolving the Commonwealth’s budget stalemate, which is now a month old.

While Senate Bill 755 and House Bill 316 moved out of their respective standing oversight committees earlier this summer, the bills received little attention neither in the immediate run-up and aftermath of the June 30th budget deadline nor in the subsequent session days in July.

According to Rep. Keith Grenier (R-Lancaster) and Sen. John Eichelberger (R-Blair)—sponsors of the aforementioned legislation—the two have been meeting to prepare amendments to the legislation they’ve offered that are largely in line with a task force report on the issue delivered by Auditor General Eugene DePasquale to Gov. Tom Wolf earlier this year.

“There’s still quite a bit of action behind the scenes with this [and] we’ve actually been sitting down with some of the key parties,” said Rep. Greiner. “I think the key, kind of what we’re really looking at and focusing at, is Auditor General DePasquale’s task force report on municipal pensions.”

Tuesday, July 28, 2015/Author: Jason Gottesman
Categories: News and Views
Municipal pension reform bill Floor vote will likely be held off

Municipal pension reform bill Floor vote will likely be held off

While House Bill 316—a bill to substantially reform Pennsylvania’s more than 1,400 municipal pension plans—was moved out of the House State Government Committee Tuesday morning, its consideration on the House Floor will likely be held off until state public pension reform legislation is dealt with by the legislature.

House Bill 316 would require all municipalities to move newly-hired police and firefighters into a cash balance pension system.

“There are no immediate plans [to run the bill] at this particular moment,” said Steve Miskin spokesperson for the House Speaker and Majority Leader. 

Tuesday, June 9, 2015/Author: Jason Gottesman
Categories: News and Views
What’s to be done about municipal pension reform?

What’s to be done about municipal pension reform?

While many of the state’s top policymakers are focusing on reforming state and public school pension issues, others are sounding the alarm on another potential pension crisis: the one affecting Pennsylvania’s municipalities.

Back in January, Auditor General Eugene DePasquale held a press conference noting 562 of Pennsylvania’s municipalities have underfunded their pension plans to the extent that they are now in distressed status.

Monday, DePasquale was again bringing attention to the issue, holding a news conference with York Mayor Kim Bracey following the audit of that city’s pension system.

The audit revealed the city is $10 million behind in its pension obligation payments.

Monday, March 23, 2015/Author: Jason Gottesman
Categories: News and Views
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