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Eugene DePasquale

Pennsylvania's auditor recommends municipal pension reforms

A task force headed by state Auditor General Eugene DePasquale is recommending legislation it says will help improve the stability of Pennsylvania's 2,600 municipal pension plans. The four-member panel released its report Tuesday. Among other things, it proposes excluding municipal pension plans from collective bargaining and increasing penalties for municipalities that don't pay their minimum obligations. The task force also recommends consideration of a statewide traditional defined-benefit plan for new hires in underfunded plans, including those in Philadelphia and Pittsburgh. The state's two largest cities account for more than $6 billion of the $7.7 billion unfunded...