Either we face the truth or the taxpayers will suffer the consequences of inaction. Pennsylvania’s two pension systems, the Public School Employees Retirement System (PSERS) and State Employees Retirement System (SERS), are underfunded by no less than $50 billion, using the most optimistic calculations. This liability equates to a bill of more than $4,000 to every man, woman and child who resides in this Commonwealth. I have, and will continue to advocate for reform with the goals of protecting the benefits already earned by both retirees and current employees, providing future employees a method to save for retirement, and most importantly making the plan affordable to the Pennsylvania taxpayers who must fund all government services. Understanding the significant flaws of the current system and the subsequent causes of the $50 billion unfunded liability are essential to developing a solution which supports these goals.
HARRISBURG – Rep. Fred Keller (R-85th District) today announced that Union and Snyder counties will receive more than $81,000 in Marcellus Shale impact fees collected during calendar year 2013. Checks will be distributed by July 1.
HARRISBURG – Legislation sponsored by Rep. Fred Keller (R-85th District) to amend the Public School Code to require school boards to provide no less than forty-eight hours’ public notice prior to voting upon any proposed collective bargaining agreement or employment contract (House Bill 1741) passed the state House today.
HARRISBURG – Rep. Fred Keller (R-85) has introduced legislation to require all state sponsored materials, publications and publicly accessible Internet websites feature the phrase “Prepared or Compiled Using Taxpayer Resources.”
MIFFLINBURG – Rep. Fred Keller (R-Union/Snyder) and SUN Area Dairy Princess Ashley Wetzel invite residents of Union and Snyder counties to join them at Keller’s district office in Mifflinburg for a “Cheese Break” in celebration of National Cheese Month.
HARRISBURG – Rep. Fred Keller (R-85th District) voted to pass House Bill 1189, enabling school districts to assess alternative taxes as a means of reducing or eliminating property taxation.
HARRISBURG – Pennsylvania’s prevailing wage rates increase the total cost of construction projects by 10 percent to 17 percent on average, thereby causing Pennsylvania’s taxpayers to consistently overpay for their public infrastructure by millions of dollars each year, according to testimony of municipal and business officials at a hearing before the House Labor and Industry Committee in Johnstown, Cambria County, on Monday.
Another credit rating agency has downgraded the Commonwealth’s credit rating due to the failure of addressing Pennsylvania’s pension crisis. Fitch Ratings joins Moody’s and Standard & Poor’s in downgrading Pennsylvania’s credit rating and cited unaddressed pension issues as its reason.
The problem with government debt is that at some point the creditors will expect to get paid, and when they demand payment, Pennsylvania’s taxpayers are on the hook. Pennsylvania’s two public pension systems, the State Employees’ Retirement System (SERS) and the Public School Employees’ Retirement System (PSERS), are currently $47 billion underfunded. For perspective, the 2013-14 Commonwealth General Fund budget is $28 billion. It is undeniable that this liability is unacceptable.
HARRISBURG – Rep. Fred Keller (R-85th District) addressed the Pennsylvania House of Representatives on Sunday and gave thanks to the Pennsylvania taxpayers, who’s hard earned monies are put towards the 2013-2014 State General Fund Budget.
MIFFLINBURG –Rep. Fred Keller (R-85th District) is inviting constituents to attend his upcoming June town hall meetings.
LEWISBURG – On May 3, an afternoon press conference at the Union County Government Center in Lewisburg produced an unprecedented show of solidarity among state, county and local elected leaders representing the greater Union County community.
HARRISBURG – Several PA House Republicans signed on to the following open letter today to encourage Gov. Tom Corbett not to reverse his decision to reject the expansion of Medicaid under ObamaCare for the mutual benefit of patients, doctors and taxpayers.
Property Tax/Rent Rebate Program Applications Now Available at RepFredKeller.com and Mifflinburg District Office
MIFFLINBURG – Rep. Fred Keller (R-85) announced today that the staff of U.S. Sen. Pat Toomey (R-Pa.) will hold a casework day at his Mifflinburg district office from 9 a.m. to 1 p.m. on Friday, Feb. 22.