The state Senate on Monday passed a pension reform bill that would give most future state and school employees three choices for retirement savings, none of them would be exclusively the guaranteed pension plan current employees have.   By a vote of 40-9, the Senate approved the bill that was a product of closed-door negotiations involving the House and Senate Republicans and Democrats and Gov. Tom Wolf’s administration.   “This is the medicine that will move us forward in a way that future Legislatures will be proud of,” said Senate Majority Leader Jake Corman, R-Centre County, during a near hourlong floor discussion of the bill.  Senate Appropriations Committee Chairman Pat Browne, R-Lehigh County, said the plan ensures workers will have retirement income that is over 95 percent of their take-home pay when they were working once Social Security income is included.

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Source: Penn Live BY JAN MURPHY   jmurphy@pennlive.com Updated on June 5, 2017 at 4:58 PM Posted on June 5, 2017 at 1:50 PM.