Municipal Pension Reform

The League supports reform of the future pension benefits provided to police officers and firefighters. The current mandated defined benefit plans are not sustainable for a number of reasons including an early retirement age, the impact of Act 111 agreements and awards, and the placement of investment risk solely on the employer. The League supports a defined contribution or cash balance plan for new hires that removes Act 111 from pensions, requires an employee contribution and reduces benefits resulting in future plans that are affordable and sustainable.