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PA House Passes Pension Relief

dollarPennsylvania State Education Association Treasurer Jerry Oleksiak says the state House of Representatives recently passed a Pension Relief Act, aimed at heading off a coming crisis in the pension plan for state employees and public school teachers. He says it’s a reasonable compromise.

“We’ve worked very hard with the legislature to find ways to make some adjustments and I think we have, and I think the fact that the bill passed the house overwhelmingly is a significant sign that we took it seriously and the legislature took it seriously.”

Oleksiak says the main thing the bill does is spread out pension payments over a longer period of time.  It also increases the employee contribution from 7.5 percent to a little over 10 percent and extends the vesting period for new employees from 5 years to 10.  He says the bill won’t take the pension crisis away, but it will help, and a continuing stock market recovery will also help.  He appeared Tuesday on the WNPV talk program Comment Please by Univest.
WNPV AM 1440 Anyone interested in complimentary tickets to the Lehigh Valley Airshow taking place this Saturday and Sunday at Lehigh Valley International Airport in Allentown? Call Linda at 215-855-8211. You'll have to pick them up at the radio station (1210 Snyder Road, Lansdale, PA 19446). To see what's happening at the airshow, to to www.lehighvalleyairshow.com.
The Lehigh Valley Airshow www.lehighvalleyairshow.com The 2014 Sands Bethlehem Lehigh Valley Airshow presented by Service Electric. August 23rd and 24th, 2014.
WNPV AM 1440 Who are your musical heroes? When did your love of music start? Why do you play the instrument that you currently play? Send me your bio and 3 mp3s and you might be a guest on Buxmont Live. Music month was so popular we're going to include music year 'round. jr@buxmontlive.com
BuxMont Live! Saturdays 10:10 am to 11 am on WNPV AM 1440 www.buxmontlive.com BuxMont Live is a live radio program on WNPV AM 1440 Saturdays 10:10 am to 11:00 am.
WNPV AM 1440 Tomorrow is the 3rd Saturday of August! Tune to 1440 AM at 11 AM for "Premium Coverage" with Mike Bruckner! Have a question about dealing with insurance adjusters? Call Mike at 215-855-8211. He'll tell you how to get the insurance settlement that you're entitled to!
WNPV AM 1440 Find out what's new in the world of health and wellness by tuning in to The Holly Hill Health Hour with Jim Wilk tomorrow at 11:10 AM on 1440 AM, WNPV!
WNPV AM 1440 Do you have symptoms of low thyroid? Low energy, hair loss, insomnia, or one of 150+ other symptoms? Tune in tomorrow at 11:10 AM for "Let's Talk Health" with Dr. Ria Gilday when she will tell you about her free seminar on thyroid health taking place tomorrow night at 7 at Queen's Health Center II in Souderton.

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Address: 1210 Snyder Road
Lansdale, PA 19446

Phone: (215) 855-8211

Phone: (215) 723-2116