Pa. Pension Measure Clears Final Legislative Hurdle

Law360, Philadelphia (June 8, 2017, 3:16 PM EDT) -- Pennsylvania is poised to enact pension reforms that would put new state and public school employees on 401(k)-style plans, after the state House on Thursday passed legislation that Democratic Gov. Tom Wolf has promised to sign. 

The House passed Senate Bill 1 in a bipartisan vote with a 143-53 margin. Under the measure, current retirees and current workers or teachers will be allowed to keep their defined benefit pensions, unless they actively choose to participate.

House Republican leaders say that the pension reform plan will save Pennsylvania...
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