Key Takeaways from Retirement Security Hearing: Fast Facts

By Bernie Gallagher , Senior Budget Analyst | 8 years ago
Retirement/Pensions Analyst: Patrick Shaughnessy, Senior Budget Analyst

These Fast Facts provide key takeaways from the June 4, 2015 public hearing on retirement security. Five national experts testified before the PA House Democratic Policy Committee about retirement security and how pension system changes could impact Pennsylvania. The experts cautioned lawmakers about making changes to the retirement systems, especially moving from a defined benefit (DB) plan to a defined contribution (DC)/cash balance plan as proposed in Senate Bill 1.

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