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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.
Travis Wetzel Would love to perform on Echos of an Era again ! The Travis Wetzel Duo is doing a music program at The Lansdale Train Station Sept. 17th 12noon-1:15pm Please spread the word Travis Wetzel Music
WNPV AM 1440 Have you caught Jeff Nolan's high school football previews in the morning? WNPV's high school football schedule begins this Friday night when LaSalle College comes to North Penn starting at 7:30 PM.
WNPV AM 1440 Do you have legal questions? Jot them down and then call WNPV tomorrow between 11:10 and noon when Liam Duffy and Andy Levin from Rubin, Glickman, Steinberg and Gifford will provide free legal answers on "Legally Speaking" right here on 1440 AM! Call 215-855-8211 or 800-355-9678 between 11:10 and 12 noon tomorrow.

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