Mensch: Pension Reform Vital to Pa’s Financial Security

The state’s dangerously bloated pension system was the subject of discussion today on Comment Please by Univest. State Senator Bob Mensch says, over the last five years the state pension system is in a 50-billion dollar deficit

“If the markets don’t begin to behave extraordinarily, not average or normal, but extraordinarily good, the markets themselves can never make up this difference.”

Mensch says, just about every state has the same problem. He says, lawmakers must make it a major priority when the next legislative session begins. Mensch characterized the pension problem as the “gorilla in the room.” One that every elected person in the State Legislature should recognize.

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