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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 As expected, WNPV will be playing Snow Bingo again tonight at 5! Since we didn't get nearly the amount of snow they predicted, you can still get your official orange bingo card at Barb-Lin Carpet One, 640 North Main Street in Doylestown ... Henning's Trains, 128 South Line street in Lansdale ... or at Walton's on the corner of South Broad and Hancock Streets in Lansdale. No purchase necessary.
WNPV AM 1440 Congratulations to Dave Friesen of Harleysville ... the winner of our 3rd Snow Bingo game of the season! Odds are we'll have another game tomorrow so stay tuned ...
WNPV AM 1440 Thanks to Mother Nature, WNPV Radio will be playing Bingo again tonight at 5 PM. Play to win 2 VIP car washes at Lansdale Car Wash, a $50 gift card from Gimaro's Seafood and Steaks in Montgomeryville, and a 500-piece jigsaw puzzle from CardSmart in North Wales and Quakertown! There's no purchase necessary but you must have the official 2015 orange bingo card available at Walton's in Lansdale, Barb-Lin Carpet One in Doylestown, and Henning's Trains in Lansdale.
WNPV AM 1440
Chase Elliott seems poised to succeed Jeff Gordon at Hendrick Motorsports www.foxsports.com Team owner Rick Hendrick on Thursday stopped short of saying Chase Elliott would replace Jeff Gordon next year in the NASCAR Sprint Cup Series, but that's certainly the conventional wisdom.
WNPV AM 1440 Tune to 1440 AM (or online at www.wnpv1440.com) at 8 PM for the Gwynedd Mercy University Men's basketball game postponed from last night. Broadcast team this evening will be WNPV's Joe Moskal doing the play-by-play and Gwynedd Mercy's Women's basketball coach Keith Mondillo doing color!
WNPV AM Radio 1440 - The Talk of the Suburbs wnpv1440.com WNPV AM 1440 - Radio Station in Lansdale, PA 215-855-8211
WNPV AM 1440 Did you hear? Because of tonight's snow, the schools are sending the kids home early so WNPV will be playing bingo! Have your official card ready at 5 PM! You could win a VIP Car Wash Card from Lansdale Car Wash, 4 tickets to the Franklin Institute, a candle from CardSmart in North Wales and Quakertown, and a $50 gift card to Gimaro's Seafood and Steaks in Montgomeryville. No purchase necessary!

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