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Scarnati: ‘Obsolete’ state pension must go

January 23, 2014

A partisan Legislature still appears to stand in the way of state pension reform as “revenues in the Commonwealth continue to lag behind growing expenses,” one such expense being an “unsustainable” pension plan, according to Senate President Pro Tempore Joe Scarnati (R-Jefferson).
Rising pensions costs are expected to hover around $2 billion for next year’s budget, up from $1.4 billion for fiscal year 2013.

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