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234 West Pine St.
Grove City PA 16127
Phone: (724) 458-4911

Satellite Offices
Franklin Township Municipal Building
191 Election House Road
Prospect, PA 16052
First Wednesday of the month
10 a.m. to 1 p.m.

Center Township Municipal Building
150 Henricks Road
Butler, PA 16001-18472
Every Thursday, 10 a.m. to 3 p.m.

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Room 121A, East Wing
PO Box 202008
Harrisburg PA 17120-2008
Phone: (717) 783-6438

Nesbit Votes in Support of New Pension Changes
6/8/2017
HARRISBURG – To help protect taxpayers at the local and state levels while also meeting obligations to current employees and retirees, Rep. Tedd Nesbit (R-Mercer/Butler) voted today on legislation that would make changes to the state’s pension systems for future workers.

Senate Bill 1, which now goes to the governor for his signature, seeks to slow the growth of pension liabilities, shift risk away from taxpayers and ensure the Commonwealth can meet its future pension obligations.

“For years, the cost of pensions for state and school district employees have eaten up larger and larger chunks of state and school budgets,” said Nesbit. “This legislation allows us to get a handle on future pension costs, while maintaining the commitments already made to retirees, current workers and taxpayers.”

The bipartisan measure would establish three new public pension plans from which state employees and teachers hired in 2019 or later could choose. Each would offer a defined contribution component, similar to a 401(k) commonly offered to workers in the private sector. The plans would provide future employees with retirement security and portability while also protecting taxpayers.

To view Nesbit’s video comments, click here.

Current employees would have the opportunity to opt in to a new plan or continue in their current plan, and retirees would not see any changes to their plans.

“This plan is a good first step in that it stops pension obligations from growing as quickly as before, but we still must address the unfunded liability,” Nesbit added.

For more information on the legislation, visit PAHouseGOP.com/PensionReform.aspx.

Representative Tedd Nesbit
8th Legislative District
Pennsylvania House of Representatives

Media Contact: Jennifer Keaton
(717) 705-2094
jkeaton@pahousegop.com
RepNesbit.com / Facebook.com/RepNesbit



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