Pa. budget chief: Pension changes needed by June

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non-starter

Saint Paul, MN

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#1
Mar 28, 2013
 
Pa. governor's budget chief says certain pension changes need to balance state budget in June
By Peter Jackson, Associated Press | Associated Press 7 hrs ago...

HARRISBURG, Pa.(AP)-- Lawmakers need to reduce taxpayers' share of payments into Pennsylvania's major state pension funds in the next few years even if the rest of Gov. Tom Corbett's pension-overhaul proposals bog down, the governor's top budget adviser said Wednesday.

Budget Secretary Charles Zogby said Corbett's $28.4 billion state budget plan for the year starting July 1 includes $175 million in savings from a proposed short-term reduction in taxpayers' contributions to the pensions of hundreds of thousands of state and school employees. Similar deferrals would avert sharp increases in the following two years.

Failure to approve the changes would require cuts elsewhere in the budget, he said.

"It's imperative that we leave here in June with something on pension reform that's going to deal with the immediate effects of this coming budget as well as the next couple of budget years," Zogby said at a news briefing about the governor's plan.

Corbett's pension initiative has yet to be introduced as legislation nearly two months after he unveiled it, and the reaction from legislators has been cool at best.

Yet Zogby and James Schultz, the governor's chief counsel, talked about the package as if it is not only likely to pass but also likely to be upheld in the courts.

"There's an interest all the way around in having (a) once-and-done solution," Zogby said.

The chairman of a House Republican task force working on the pension issue said he could not support deferring pension obligations for short-term savings.

"I don't have much appetite to do that because that's what we've done for years under-funding the pensions to pay for other stuff," said Rep. Glen Grell, R-Cumberland, whose district includes a large number of state employees.

The most radical changes in Corbett's plan would reduce the future pension benefits of more than 370,000 members of the Public School Employees' Retirement System and the Pennsylvania State Employees' Retirement System to save $12 billion over 30 years.

Unions representing the employees have vowed to sue if the changes are approved, and their leaders say decades of case law are on their side.

The combined unfunded liability of the two systems is more than $41 billion.

State courts have established that public pension benefits are contracts and that the state constitution prohibits changes that impair those contracts, but the administration says those rulings have included the retroactive effect of changes.

Corbett's lawyers hope to take benefits already earned out of the equation by freezing them when the changes take effect in 2015 and crediting employees for the full value up to that point. By doing that, they hope to limit the scope of any court review to the newly reduced benefits and whether the changes had an important public purpose.

"We believe we have a very strong argument, and a winning argument, on the constitutionality" question, Schultz said.

Corbett's proposal is clearly illegal, said Michael Crossey, president of the state's largest teachers' union, the Pennsylvania State Education Association.

"Saying something is constitutional doesn't make it true, regardless of the number of media events the governor's office orchestrates," Crossey said.
non-starter

Saint Paul, MN

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#2
Mar 28, 2013
 
Looks like Pennsylvania is starting to get a little common sense too.
Bushwhacker

Seattle, WA

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#3
Mar 28, 2013
 

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Looks like you're advocating breaking contractual obligations to fellow Americans, will you be willing to accept the consequences ?? Of course not, all you do ts spam & lie...
non-starter

Saint Paul, MN

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#4
Mar 31, 2013
 
Bushwhacker wrote:
Looks like you're advocating breaking contractual obligations to fellow Americans, will you be willing to accept the consequences ?? Of course not, all you do ts spam & lie...
Looks like you either can't:

A. Read what is in the article.

or

B. Comprehend what was written in the article.

The pension contractual obligations are going to be met, going forward the pension and retirement system will be changed. Pennsylvania has no contractual obligation to give future employees the same or better benefits than prior employees.
Bushwhacker

Seattle, WA

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#6
Mar 31, 2013
 
non-starter wrote:
<quoted text>Looks like you either can't:
A. Read what is in the article.
or
B. Comprehend what was written in the article.
The pension contractual obligations are going to be met, going forward the pension and retirement system will be changed. Pennsylvania has no contractual obligation to give future employees the same or better benefits than prior employees.
Of course, it's fair to pay folks differently, DOING THE SAME WORK...right wing nutter....
non-starter

Saint Paul, MN

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#7
Mar 31, 2013
 
Bushwhacker wrote:
<quoted text>Of course, it's fair to pay folks differently, DOING THE SAME WORK...right wing nutter....
Of course, you didn't read it again, right reading comprehension challenged poster?
Bushwhacker

Seattle, WA

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#8
Apr 1, 2013
 
Of course, it's fair to pay folks differently, DOING THE SAME WORK...right wing nutter....
non-starter

Saint Paul, MN

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#9
Apr 1, 2013
 
Bushwhacker wrote:
Of course, it's fair to pay folks differently, DOING THE SAME WORK...right wing nutter....
Of course, you didn't read it again, right reading comprehension challenged poster?
Bushwhacker

Seattle, WA

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#10
Apr 1, 2013
 

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Hey, weren't you wrong about the Boeing battery solution, too ?? Stock is doing fine, right ??? BOEING CO. 1 Year Change:+15.50%

How about IMMR stock, did you make a bundle, pal ???

Looks like a good year, for the good guy, ME !!!
non-starter

Saint Paul, MN

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#11
Apr 1, 2013
 

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Of course, you didn't read it again, right reading comprehension challenged poster? Or did you read it, and just not understand it again?
Bushwhacker

Seattle, WA

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#13
Apr 1, 2013
 

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Budget guy says cut costs, "breaking" news article to follow....?? "Man", you're absolutely clueless & biased.
non-starter

Saint Paul, MN

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#14
Apr 1, 2013
 

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Of course, you still haven't read or comprehended the article.
Bushwhacker

Seattle, WA

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#15
Apr 1, 2013
 

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Hey, weren't you wrong about the Boeing battery solution, too ?? Stock is doing fine, right ??? BOEING CO. 1 Year Change:+15.50%

How about IMMR stock, did you make a bundle, pal ???

Looks like a good year, for the good guy, ME !!!
non-starter

Saint Paul, MN

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#17
Apr 2, 2013
 

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Of course, you still haven't read or comprehended the article.
Bushwhacker

Seattle, WA

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#18
Apr 2, 2013
 
non-starter-P.S., the engineers don't call it a "battery rework",

Really ??

"Boeing Co said on Monday that the first flight test of its reworked battery system for the 787 Dreamliner ..."


COMPREHENSION PROBLEMS, putz ???
non-starter

Saint Paul, MN

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#19
Apr 2, 2013
 

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I didn't see the Boeing references in this Pennsylvania story, oh, I guess there were none.

Of course, you still haven't read or comprehended the article, not that you could comprehend it even if you did read it.
Bushwhacker

Seattle, WA

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#20
Apr 2, 2013
 
I didn't your point about plagiarizing after you did it, but I don't WHINE ~!~~

non-starter-P.S., the engineers don't call it a "battery rework",

Really ??

"Boeing Co said on Monday that the first flight test of its reworked battery system for the 787 Dreamliner ..."

COMPREHENSION PROBLEMS, putz ???
Bushwhacker

Seattle, WA

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#21
Apr 2, 2013
 
Budget guy says cut costs, "breaking" news article to follow....??

"Man", you're absolutely clueless & biased.

Pretty sad, you're "running" Pa now, huh ? LMAOROTFu~!
Bushwhacker

Seattle, WA

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#22
Apr 2, 2013
 
I didn't get your point about plagiarizing, after you did it, but I don't WHINE ~!

Pretty sad, you're such a plagiarizing HYPOCRITE !
non-starter

Saint Paul, MN

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#23
Apr 2, 2013
 
Bushwhacker wrote:
I didn't your point about plagiarizing
COMPREHENSION PROBLEMS, putz ???
I "didn't your point" about much of what you write. You can't comprehend what others write, and what you write is largely incomprehensible. I hope you really are making money in the market, you are going to need it with that early onset dementia/alzheimer's.

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