Focus on Pa Cyber: Auditor general's report reveals pressing problems
Saturday postings: Why do hedge funds ADORE charters? Pt. II: 39%+ Return/Meet PA new House members
Editorial: When it comes to pension crisis, Corbett has right idea
But Corbett seems ready to go further, talking about actually reducing or rolling back benefits in the future. Good for him. The state cannot and probably should not look to reduce benefits already owed to unionized state employees, teachers and lawmakers.
But the state is peering into the abyss of a $41 billion pension shortfall that is a powder keg, threatening to wreak havoc not only on the state budget, but at the local level for municipalities and school districts as well. Taxpayers already are on the hook for a $1.6 billion public pension hit this year. That number is expected to balloon to as much as $4 billion a year and stay there for decades.