Hybrid pension plan options popular with Pa.’s new state government employees

Jan Murphy | Tuesday, May 7, 2019, Harrisburg Patriot News

Nearly 2,500 state government employees hired in the first three months of this year were among the first in the commonwealth workforce to get a taste of pension choice.

Turns out, the overwhelming majority – more than 1,900 – preferred one of the two hybrid options that preserved some semblance of the century-old traditional pension plan combined with a 401(k)-style plan, according to a PennLive analysis. PennLive obtained records of state government employees’ pension choices from the State Employees’ Retirement System through a Right-to-Know request.

Read More