|Posted:||May 11, 2021 12:16 PM|
|From:||Representative Anthony M. DeLuca|
|To:||All House members|
|Subject:||Limiting Government “Pension-Hopping”|
At a time when many Pennsylvanians are struggling to save for retirement, I do not think it is right that a public official can become vested in one government pension system and then move on and become vested in another government pension system. I call this “pension hopping.”
Accordingly, I propose limiting future public officials to one pension that is funded by state or local tax dollars. Public officials eligible for two or more pensions funded by state or local tax dollars will be able to choose which pension they would like to receive or would automatically receive the highest pension. This bill will not apply to beneficiaries or any pension funded by the federal government.
I ask that you join me in supporting taxpayers by limiting pension-hopping.
Introduced as HB1442