PA Unions say no changes needed as $47 billion unfunded liability grows

HARRISBURG – For the chairman of the Senate Finance Committee, the big picture is also the bottom line.

The nuts and bolts of pension reform are a complicated mix, which may prevent lawmakers from dealing with the state’s $47 billion unfunded pension liability before the end of the budget session June 30. Current employees and retirees must be considered, as well as the ever-present threat the state Supreme Court could strike down changes as an unconstitutional violation of workers’ contracts with the state.  Read more here…