Pension Reform Finally Passes

From PA Chamber of Business & Industry

In a whirlwind of activity last week, the General Assembly passed and sent to Gov. Tom Wolf an important public pension reform bill that will help to rein in the what has been unsustainable growth of the state pension systems, shift a significant portion of the risk from potentially under-performing investments off of state taxpayers and help to secure the future sustainability of state and public school employees’ retirement plans. Governor Tom Wolf signed the legislation into law on Monday.

Senate Bill 1, which was passed 40-9 by the Senate last Wednesday and 143-53 by the House on Thursday, offers a choice of three new retirement plan options for new employees hired after 2019 within the State Employees Retirement System and the Public School Employees Retirement System, along with an opt-in provision for current workers.  Two of the choices offer hybrid defined benefit, defined contribution plans, while the third option is a defined contribution, 401k-style plan.

Prior to the Senate and House votes on the bill, the PA Chamber sent memos to both chambers urging their support for the measure. The memos noted that while the organization is ready to support additional steps to mitigate rising costs in the near term, it believes that S.B. 1 will put the state pension systems on a better path to stability and sustainability. These beliefs are strengthened through findings by the education advocacy organization PennCAN, which has found that few teachers do better under the existing PSERS pension plan than they would under a plan like S.B. 1; and from the Pew Charitable Trusts, which has noted that the bill would be one of the most – if not the most – comprehensive and impactful reform any state has implemented.

Thanks to All of the Teams that Played in the Golf Outing

This is the fourth in a series of posts recognizing all of the valuable contributors that helped make this year’s Chamber golf outing a huge success. It is the continued support of these businesses and individuals that helps the Chamber fulfill its mission of offering programs and benefits to its members, giving its members a stronger voice in advocacy and being involved in more activities and initiatives in our communities.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Thanks to all of the individuals and teams that played in the golf outing. They represented the following organizations:

3B Cleaning & Floorcare
Barry Isett & Associates
First Columbia Bank & Trust
Geisinger Bloomsburg Hospital
Generations Construction
Hutchison Insurance
M&T Bank
PenTeleData
Pine Barn Inn
Safelite Auto Glass
Service 1st Federal Credit Union
Towne Camera
U.S. Gypsum Company
Wagner’s Trophies & Engraveables
Williams
WorkPlace Health
Zimmer Insurance

Thanks to the Golf Outing’s Prize Sponsors

This is the third in a series of posts recognizing all of the valuable contributors that helped make this year’s Chamber golf outing a huge success. It is the continued support of these businesses and individuals that helps the Chamber fulfill its mission of offering programs and benefits to its members, giving its members a stronger voice in advocacy and being involved in more activities and initiatives in our communities.

Thanks to all of the businesses that donated prizes for this year’s golf tournament. These businesses provided goods and/or services for the winning teams and individuals and for the door prize raffle. The golf tournament would not be successful without the generous donations from these businesses. 

AdOne Advertising & Design
AGAPE Love From Above to Our Community
Alpine Animal Clinic
Applebee’s
Art of Floating
Bason Coffee Roasting
Bloomin’ Bagels
Bloomsburg Theatre Ensemble
Cole’s Hardware
Columbia Montour Chamber
Dillon Floral
Fog & Flame Craft Coffee and Espresso Bar
Fuel Fitness
GordnerCoombs Insurance Agency
Incredible Popcorn
Ken Pollock Ford/Lincoln
Knoebels Three Ponds Golf Club
Lisa’s Country Cuts & Spa
M&T Bank
McBride Library
Mill Race Golf & Camping Resort
Old Forge Brewing Company
Olive Garden
Quaker Steak & Lube
Rita’s Ice
Ruby Tuesday
Safelite Auto Glass
Williamsport Crosscutters

Thanks to the Golf Outing’s Hole Sponsors

This is the second in a series of posts recognizing all of the valuable contributors that helped make this year’s Chamber golf outing a huge success. It is the continued support of these businesses and individuals that helps the Chamber fulfill its mission of offering programs and benefits to its members, giving its members a stronger voice in advocacy and being involved in more activities and initiatives in our communities.

Thanks to the 28 hole sponsors of this year’s golf tournament.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3B Cleaning & Floorcare
Barry Isett & Associates
Bloomsburg Carpet
Bodnar Sales & Service
Central Susquehanna Community Foundation
Century 21 Covered Bridges Realty
ChamberChoice/OnDemand Energy
Danville Child Development Center
First Keystone Community Bank
Geisinger Bloomsburg Hospital
Geisinger Health Plan
GordnerCoombs Insurance
Hutchison Insurance Agnecy
Ken Pollock Ford/Lincoln
North Shore Railroad
PenTeleData
Philadelphia Federal Credit Union
Pine Barn Inn
Service Electric Cablevision
Steph’s Subs
The Inn at Turkey Hill
The Farmhouse at Turkey Hill
Turkey Hill Brewing
Wagner’s Trophies & Engraveables
Walker’s Jewelers
Williams
WorkPlace Health
Zimmer Insurance Agency

ChamberChoice Offers Free Three-Part Webinar on Health Insurance Cost Reduction Strategies

ChamberChoice will offer a special three-part webinar series titled “Health Insurance Cost Reduction Strategies” on the second Thursday of July-September. This service is available free-of-charge to all Chamber members as a benefit of membership through the Chamber’s affinity programs through ChamberChoice

The schedule and topics of the webinar series are listed below. For more information or to register for the webinar, visit here.

Thursday, July 13, 10 a.m. – Risk analysis: Understand health conditions and costs within your workforce to reduce future costs.

Thursday, August 10, 10 a.m. – Employee contribution strategies: Reduce employer expense and increase employee take-home pay (PSA, HRA, HSA).

Thursday, September 14, 10 a.m. – Healthcare cost transparency