Corbett signs anti-spiking pension bill into law, could save Allegheny County $1.1 billion
Gov. Tom Corbett signed a bill Monday that changes Allegheny County's pension system and is expected to save taxpayers $1.1 billion over 50 years.
The bill, sponsored by state Rep. Mike Turzai, R-Marshall, caps the amount of employee overtime used to determine pension benefits and changes the formula used to calculate payments.
It will affect only employees hired after Jan. 1, 2014.
Supporters of the bill say the reforms will prevent employees from “spiking” their salaries with overtime pay during their final years with the county, which results in bloated pension payments.
Opponents have said the overtime cap should have been left out of the bill and discussed with labor union representatives during contract negotiations.
Pension payments currently are calculated based on the average monthly salary earned during the highest-paid 24 months of the final four years of employment. Under the new law, payments will be based on the average of the highest-paid 48 months during the final eight years of employment.
Show commenting policy
TribLive commenting policy
You are solely responsible for your comments and by using TribLive.com you agree to our Terms of Service.
We moderate comments. Our goal is to provide substantive commentary for a general readership. By screening submissions, we provide a space where readers can share intelligent and informed commentary that enhances the quality of our news and information.
While most comments will be posted if they are on-topic and not abusive, moderating decisions are subjective. We will make them as carefully and consistently as we can. Because of the volume of reader comments, we cannot review individual moderation decisions with readers.
We value thoughtful comments representing a range of views that make their point quickly and politely. We make an effort to protect discussions from repeated comments either by the same reader or different readers.
We follow the same standards for taste as the daily newspaper. A few things we won't tolerate: personal attacks, obscenity, vulgarity, profanity (including expletives and letters followed by dashes), commercial promotion, impersonations, incoherence, proselytizing and SHOUTING. Don't include URLs to Web sites.
We do not edit comments. They are either approved or deleted. We reserve the right to edit a comment that is quoted or excerpted in an article. In this case, we may fix spelling and punctuation.
We welcome strong opinions and criticism of our work, but we don't want comments to become bogged down with discussions of our policies and we will moderate accordingly.
We appreciate it when readers and people quoted in articles or blog posts point out errors of fact or emphasis and will investigate all assertions. But these suggestions should be sent via e-mail. To avoid distracting other readers, we won't publish comments that suggest a correction. Instead, corrections will be made in a blog post or in an article.
- CDC’s misinformation spreads faster than Ebola virus
- Pirates must weigh risk, reward in attempt to sign Martin
- Syrian border town emerges as pivot point in Islamic State fight
- Penguins rebound with shutout of Predators
- Pa. Supreme Court in ‘sad state’ as scandals tarnish reputation
- Real estate notes: Hotel going up in Chippewa; CSX honored
- Experience ‘Faces and Voices’
- Penn State succumbs to No. 13 Ohio State in double overtime
- Penguins’ Crosby OK with Neal comments about trade
- Inappropriate dress wears thin in schools, courts, jails, elsewhere
- Robinson: Rooney retains North Side roots