Corbett scales back goal in Pa. pension overhaul - WFMJ.com News weather sports for Youngstown-Warren Ohio

Corbett scales back goal in Pa. pension overhaul

Posted: Updated:

HARRISBURG, Pa. (AP) - Gov. Tom Corbett is making a new effort to persuade lawmakers to pare back public employee pension benefits, but the scale of the savings and changes he's seeking appear more modest.

Corbett's budget secretary, Charles Zogby, said Monday the administration is studying a "hybrid" concept that would save $7 billion over 30 years in pension benefits.

It would allow future state and public school employees to continue receiving a traditional pension benefit based, up to a maximum $50,000 salary. For the portion of salaries exceeding that, employees would receive a 4 percent contribution to a 401(k)-style plan.

Analysts say many public employees would still be fully covered by the traditional pension. But they say it'd eliminate the inflated pension benefit for highly paid public officials that can generate negative publicity.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  • More From wfmj.comHot ClicksMore>>

  • UPDATED

    Royal baby: It's a boy for Kate on England's national day

    Royal baby: It's a boy for Kate on England's national day

    Monday, April 23 2018 9:34 AM EDT2018-04-23 13:34:20 GMT

    For Kate, the wait is over. The Duchess of Cambridge gave birth Monday to a healthy baby boy - a third child for Kate and Prince William and fifth in line to the British throne.

    More >>

    For Kate, the wait is over. The Duchess of Cambridge gave birth Monday to a healthy baby boy - a third child for Kate and Prince William and fifth in line to the British throne.

    More >>
  • 4 dead in Waffle House shooting in Tennessee; suspect sought

    4 dead in Waffle House shooting in Tennessee; suspect sought

    Monday, April 23 2018 9:08 AM EDT2018-04-23 13:08:38 GMT

     A nearly naked gunman wearing only a green jacket and brandishing an assault rifle stormed a Waffle House restaurant in Nashville early Sunday, shooting four people to death before a customer rushed him and wrestled the weapon away. 

    More >>

     A nearly naked gunman wearing only a green jacket and brandishing an assault rifle stormed a Waffle House restaurant in Nashville early Sunday, shooting four people to death before a customer rushed him and wrestled the weapon away. 

    More >>
  • Science Says: Amount of straws, plastic pollution is huge

    Science Says: Amount of straws, plastic pollution is huge

    Monday, April 23 2018 7:20 AM EDT2018-04-23 11:20:03 GMT
    (CSIRO via AP). This December 2016 photo provided by the Commonwealth Scientific and Industrial Research Organization, a dead shearwater bird rests on a table next to a plastic straw and pieces of a red balloon found inside of it on North Stradbroke Is...(CSIRO via AP). This December 2016 photo provided by the Commonwealth Scientific and Industrial Research Organization, a dead shearwater bird rests on a table next to a plastic straw and pieces of a red balloon found inside of it on North Stradbroke Is...
    Cities and even countries now such as Great Britain are looking at banning straws because plastic pollution is a huge global problem.More >>
    Cities and even countries now such as Great Britain are looking at banning straws because plastic pollution is a huge global problem.More >>
Powered by Frankly
All content © Copyright 2000 - 2018 WFMJ. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms