Office of Mayor William Peduto
Statement By Mayor William Peduto on Task Force Report on Municipal Pensions

PITTSBURGH, PA (June 30, 2015) Mayor William Peduto released the following statement today following the release of recommendations by Gov. Tom Wolf’s Task Force on Municipal Pensions, chaired by Auditor General Eugene A. DePasquale:

“While these recommendations do not contain every pension change I wanted to see -- including a move from a defined benefit to a hybrid model, and reform of state funding for communities with distressed plans -- they are an important start to talks on this gravely important matter to Pennsylvania’s cities.

Most importantly they bring all parties to the table, from the Governor’s Office to the Auditor General, Republicans and Democrats, business groups and labor.

I am pleased that many of the policies it recommends have already been adopted in Pittsburgh, such as not only paying our full Minimum Municipal Obligation, but paying in millions more in addition to our base MMO. I am pleased too to see language on anti-spiking provisions and taking pensions out of collective bargaining talks. However I would oppose any efforts to solve our shared pension problems through further privatization of city assets or issuing pension bonds.

We still have a lot to do. Pittsburgh stands ready to work with every other stakeholder across the Commonwealth to solve our broken municipal pension system once and for all.”

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