Switching from pension to 401(k)-type plan would cost taxpayers billions more

2015-04-17T00:48:20-07:00April 16th, 2015|Categories: Defined Benefit Plans|Tags: , , , |

Former [Pennsylvania] state representative Steve Nickol has urged legislators to keep taxpayers in mind by not embracing proposals that would make the state’s pension problems worse, according to a news release from the Pennsylvania State Education Association. Nickol, a former member of the Public School Employees’ Retirement System Board of Trustees, testified before the Senate Finance Committee on Wednesday. He formerly served as a state representative in the Hanover area. […]