Rep. Warren Kampf (R-Chester) held a press conference yesterday to introduce two bills that would require future state and school district employees to enroll in an employee-directed defined contribution plan and allow current employees to voluntarily enroll in the reform program. HB 2453 addresses state employees, while HB 2454 addresses school district employees. “For all state future employees, except the State Police, and for all future school district employees, these bills will create a mandatory defined contribution plan which is like a 401K plan in the private sector,”? Rep. Kampf stated. To read the full article, click here.

Source: myPLS, The Eye Opener, June 13, 2012.