Governor Corbett himself has identified pension reform as an important policy goal within the next year.
These plan design changes, affecting the state's two largest pension systems (PSERS and SERS), are an important first-step towards implementing a long-overdue comprehensive pension reform plan. Senator Jake Corman's also made reference recently at the PA Press Club luncheon to a goal of modifying unearned benefits for participants in these two plans. This would also reduce future liabilities.
Pennsylvania also needs funding reforms with a goal of avoiding transferring costs to the next generation of employees and taxpayers. Finally, with over 3,000 DB and DC plans in the Commonwealth of Pennsylvania, a goal of consolidating these plans makes good policy sense.
Here's to hoping that something gets done this year.