June 13, 2016

House Amends Pension Reform Bill By Vote Of 150 to 41, Reverse Of December Vote

The House voted 150 to 41 Monday to amend Senate Bill 1071 (Browne-R-Lehigh) to establish a hybrid pension program for future and existing employees moving them from defined benefit to defined contribution plan which has no immediate impact on the FY 2016-17 budget.
The amendment added is amendment #A08206 that was offered by Rep. Mike Tobash (R-Schuylkill), but only after a motion to Table the motion and the bill failed by a vote of 16 to 175.
Unlike in December, when Senate Bill 1071 included the original “agreed-to” pension reform provisions and were defeated with House Democrats by a vote of 52-149, this amendment was supported by many Democrats.
The bill is over for further House action until reprinted. A final vote is expected Tuesday.
The bill still faces an uncertain future in the Senate. Sen. Pat Browne (R-Lehigh), Majority Chair of the Senate Appropriations Committee, told PLS Reporter a key consideration is how much future risk is transferred away from taxpayers and put the risk on employees in a defined contribution plan.
At the same time, Sen. Browne said, a key consideration is what the House can get votes for and actually get a pension reform bill passed.
A copy of the Actuarial Note on the amendment is available online.
AP: House Votes For School, State Worker Hybrid Pension Plan