Pennsylvania lawmakers recently passed a law that changes the way potential modifications to state pension plans are evaluated. This concerns state pensions, which cover state and public school employees. Gov. Wolf signed it into law last week. Pennyslvania's state pensions are underfunded by about $50 billion, the second-worst level of underfunding in the U.S. The law, Act 100, spells out which legislators are allowed to request an "actuarial note" when there is a proposed change to state pension law. An actuarial note analyzes the short and long term impacts of the proposed changes. The note is important because even the smallest of suggested tweaks to how pensions work might mean billions of dollars over decades, with thousands of retirees affected. Before the law took effect, any of the 253 state lawmakers could request an actuarial note. Now, far fewer. Ten, to be exact.
The Harvard Republican Club was founded in 1888, and is the oldest College Republican chapter in the country. Its website says the club exists to “promote Republican principles, policies and candidates” and members are “proud” of their “rich history of Republican advocacy.” At least, until Donald Trump won the 2016 Republican Party’s presidential nomination. The Harvard Republican Club has issued a statement (read in full below) saying that for the first time in its history, it will not endorse their party’s presidential candidate. Why? Because the club is “ashamed” of Trump. He is, the statement says, a “threat to the survival” of the United States. The Harvard Crimson, a student newspaper, reported that the club polled members this week to see who they were supporting for president. Ten percent said they would support Trump, while 80 percent said they would not. Another 10 percent were undecided.