HARRISBURG, Feb. 25, 2015 – State Sen. Judy Schwank and advocates will hold a press conference at 3 p.m., Thursday, Feb. 26, in the senator’s district office, to announce the introduction of her bill to best address Pennsylvania’s pension crisis.
The combined unfunded pension liability for the Public School Employees’ Retirement System and the State Employees’ Retirement System is about $50 billion, and the municipal pension shortfall has reached $7.7 billion.
Nearly half of Pennsylvania’s 1,223 municipalities are distressed and underfunded.
“Much is at stake, and it’s important we get this right the first time,” Sen. Schwank said.
Media coverage is invited.
WHAT: Sen. Judy Schwank to formally introduce pension review bill
WHEN: 3 p.m., Thursday, Feb. 26
WHERE: Commissioner’s Boardroom, 1st floor, 210 George St., Reading
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More information on Sen. Schwank is available on her website, Facebook and Twitter.