Saturday, March 3, 2012

Pension reform only 'kicks the can down the road' in the commonwealth

CAPITAL DOMES: HEAD TO HEAD

Epstein: Pension reform shell game, Part 2

I am convinced we are on the cusp of a pension debacle due in large part to our marriage to a defined-benefits system. I also believe we should implement defined-contribution plans for incoming government workers.

I view this year's version of "pension reform light" - docketed as House Bill 2497 - as a bookend to last year's version of "pension reform dark" - House Bill 1828.

Flashback to last summer: No matter how you feel about state and municipal pensions, most Pennsylvanians agree that sunlight is the best cure for what ails our system. With that prescription in mind, you've got to …

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