Friday, July 02, 2010

This Just In....

....Penn State is considering, as a cost cutting measure, eliminating the option of joining the Pennsylvania State Employees' Retirement System for new employees. (BTW, this is another scoop from Adam.) If this were to go through it would create a situation in which two staff assistants sitting across from each other in an office would be paying different prices for their retirement plans, just like the airlines with seat pricing. It can't be that Graham is really considering this, since he recently said,
"....We really can't have an imbalance like that, where a person is paying one price and the person in the seat next to you is paying another price. I know that might happen in the airlines, but I don't think that would fly in a university office too well."
Oh wait, he didn't say that about university offices, he said it about footballs stadiums. That's a whole different ball of wax.

Anyway, this is one policy that Graham can't enact unilaterally.
The state retirement code allows Penn State employees to enroll in the state retirement system, SERS spokeswoman Pamela Hile said. She said only a change in that code could eliminate the option for Penn Staters.

And such a change would require approval by the state Legislature. The matter hasn't gotten that far yet.
Be sure to keep an eye on for more on this story as it develops.

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