PHILLY.COM: Pension experts, an asset manager and a national clearinghouse for state governments fielded questions Wednesday from a legislative panel scrutinizing Gov. Tom Corbett’s pension-overhaul plan, providing an abundance of information but no clear direction on how to proceed barely a month before the Legislature is expected to take its summer break.
Sen. Mike Brubaker, the Finance Committee chairman and prime sponsor of Corbett’s bill, acknowledged resistance to the measure in the Legislature but said he remains hopeful a compromise would emerge.
Partisan tempers flared occasionally as Democrats on the Senate Finance Committee sparred with Charles Zogby, the governor’s top budget adviser, over the severity of the pension funding problem, but the most of the discussion focused on the complex questions surrounding the subject… (more)
