State Budget Secretary Charles Zogby dubbed 2013 as the year of pension reform.
And if that doesn’t prove to be the case, he suggested schools might want to be brace themselves for more cuts.
“To not do pension reform will mean we then have to go back into the general fund budget to find savings. That will mean cuts,” he said during remarks delivered at today’s Pennsylvania Press Club luncheon at the Hilton Harrisburg.
Pointing out that the bulk of the state’s $511 million increase in pension obligations will go toward funding the school employees’ pension fund, Zogby said, “if we don’t the savings there, should other areas of the budget bear the brunt to those savings going away? Or should that fall in public education.”
Zogby said those are some of the tough questions that the Corbett administration and General Assembly will have to deal with in the ensuing months as they get to work on a 2013-14 spending plan.
Click here to read the full article by Jan Murphy published on PennLive.com (January 28, 2013)