Why put off until tomorrow that which can be fixed today?
In its lame-duck session, the Pennsylvania legislature on November 15th considered HB 2497, a bill whose sole purpose is to underfund the state’s pension system by approximately $2.9 billion over the next thirty years. Sadly, it passed easily with support from both political parties by a vote of 165 to 31.
All 31 members who voted “no” were Republicans. They rightly saw that underfunding the pension system for 15 years would mean that the difference would have to be made up in the 15 subsequent years.
The bill also passed the commonwealth’s Senate 41 to 8, which Republicans control. Again, all 8 members who voted no there were Republicans. But in both houses, most Republicans and all Democrats voted for the bill, and with Democrat Governor Ed Rendell’s support it will become law.
This, therefore, is a bipartisan failure.
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