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REPUBLICAN LAWMAKERS FOREGO PENSIONS

2/19/2013

With pension reform in the spotlight due to Governor Tom Corbett’s budget proposal, at least 10 Republican lawmakers have decided to forego their pensions. 

 

Most of those deciding to decline participation in the pension system were elected in the past seven years.  It is worth noting that most would need to serve 10 years to become fully vested for a pension.  Those who have decided to give up their pension, and with it tens of thousands of dollars in retirement, are Clearfield County representatives Matt Gabler and Tom Sankey. 

 

Sankey was just elected last year to the seat once held by longtime State Representative Camille “Bud” George.  Pensions for retired lawmakers range from $50,000 to $120,000 a year.  The average legislative pension is more than $30,000.  Also included on the list of lawmakers who have decided to give up their pensions are Rep. John McGinnis of Altoona and Rep. George Dunbar of Westmoreland County.  The other lawmakers are from outside of our area. 

 

In the plan proposed by Gov. Tom Corbett, some of the money saved by reforming the state’s pension plans would go back into education funding.

 


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