Tuesday, July 1, 2014
HARRISBURG, Pa. (AP) - Gov. Tom Corbett says he won't sign a $29.1 billion spending plan for Pennsylvania state government before the fiscal year ends at midnight, saying he'll continue to seek passage of a meaningful bill to reduce future public pension costs.
Corbett's move Monday night comes after leaders of the House and Senate Republican majorities couldn't drum up enough support to pass pension legislation backed by Corbett.
That legislation would reduce future public employee pension benefits to bring a savings of more than $10 billion over 30 years.
But Democrats were united in opposition, and Republicans opposed it.
Instead, the Senate passed a bill would shift state lawmakers, judges, the governor and four other elected executive branch officials into a 401(k)-style system. It's expected to save $690 million over 38 years.
Copyright 2014 The Associated Press.