Pennsylvania state Senator Jarrett Coleman (R-Allentown) this week introduced a measure requiring colleagues to take defined-contribution (DC) savings plans rather than traditional pensions.
Coleman, an airline pilot and former Parkland School District director, won his first Senate election last year on a reformist platform and has since briskly worked to effect change regarding education, election integrity, regulation and other issues. Now he’s asking members of his chamber to consider a policy directly affecting their own bottom lines. He believes it’s an important initial step toward more making the commonwealth’s employee retirement programs more solvent.
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