Industry official: EPA energy plan would imperil state's economy

The Environmental Protection Agency’s Clean Power Plan proposal might negatively impact the Commonwealth's economy, a state industry leader said on Tuesday. Pennsylvania Chamber of Business and Industry Government Affairs Manager Kevin Sunday testified before the U.S. House Committee on Energy and Commerce's Subcommittee on Energy and Power, declaring that the proposal’s costs would offset the benefits. Read More »

Study: State's public pensions unlikely to be fully funded in future

Whether existing public pensions will have sufficient assets for promised future benefits is the focus of a recent George Mason University study examining Pennsylvania state and school employees’ pension outlooks. The report used pension-funding theory to conclude that the chances of fully funded pensions in the future are less than 50 percent and that if changes were made to protect those benefits, workers would feel the brunt financially or in other ways. Read More »