Tom Corbett on Social Security

Resolve our pension crisis for state employees, without cuts

We cannot let that happen. We cannot allow hard-working teachers and state employees to be threatened by the loss of their pensions. Resolving our pension crisis will be the single most important thing we do.

I will not allow any cuts to any benefits of our retirees. Let me repeat that: no cuts to any retiree benefits. They earned their retirement. They earned their guaranteed security. Nor will I allow any pension dollars already earned by any current employee to be diminished in any way.

What we need to do, going forward from this time, is to create a new 401(k)-style retirement benefit for our future employees consistent with the retirement packages currently enjoyed almost universally by private sector employees.