I wanted to share my op-ed in today's Philadelphia Inquirer examining the added costs and other problems in Governor Corbett's public pension proposal:
In public policy, as in medicine, a guiding principle should be "first, do no harm." In other words, don't make the problem worse.
Unfortunately, Gov. Corbett's plan to radically restructure Pennsylvania's public pension system does serious harm to taxpayers, driving up the public cost of retirement benefits for years to come. It harms Pennsylvania's teachers, nurses, emergency responders, and other public servants by undermining their retirement benefits without saving a dime. And it harms efforts by Pennsylvania schools and other public employers to attract and retain high-quality employees.