CALL TO ACTION: Contact Your Lawmaker and Urge Support for Critical Pension Reform!

October 21,2016: PA Chamber  

As you know, state pension reform has been our top public policy priority for many years.  And now, in the final days of the 2015-16 legislative session, lawmakers are reportedly preparing to take up a historic pension reform measure that would help to rein in the steady growth of Pennsylvania’s unsustainable public pension systems. The legislation being considered would incorporate a 401(k)-style component into the retirement plans for new state and public school employees – thereby mitigating taxpayer risk, providing greater cost predictability and helping to ensure adequate retirement security for beneficiaries.

 

The Commonwealth’s pension crisis has led to a nearly $60 billion pension unfunded accrued liability in our state systems as well as repeated credit rating downgrades. This has made Pennsylvania’s economy less competitive, likely dissuaded would-be investors from locating and creating jobs here and will almost certainly eventually necessitate new and higher taxes.

 

Lend your voice to our efforts! Please take a moment to sign this letter to elected officials and urge their “yes” vote on this necessary public pension reform measure.

 

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Founded in 1916, the Pennsylvania Chamber of Business and Industry is the state’s largest broad-based business association, with its membership comprising businesses of all sizes and across all industry sectors. The PA Chamber is The Statewide Voice of Business™.

 

CALL TO ACTION: Contact Your Lawmaker and Urge Support for Critical Pension Reform!
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