Corbett plan would cut Pa. pensions by $12 billion

Published



HARRISBURG, Pa. (AP) — State and school employees would be forced to forgo nearly $12 billion worth in pension benefits over the next 30 years if Gov. Tom Corbett’s pension reform plan is approved, according to an administration analysis released Tuesday.

The itemized summary marked the first time the administration has publicly disclosed estimates of the savings and costs associated with the multifaceted pension reform plan Corbett unveiled in his budget address this month.

Full midterm coverage.Deeper analysis.

Get unlimited access to Washington Examiner's reporting, expert analysis, and coverage of the midterm elections.

Get Unlimited Access

Cancel anytime.