Nearly $300M announced for police, municipal pension plans across Pa.
HARRISBURG, Pa. (WJAC) —
Pennsylvania Auditor General Eugene DePasquale announced Thursday the release of nearly $300 million in aid to help support retirement plans for police, firefighters and municipal workers.
“This funding is about looking out for the people who look out for us every day,” DePasquale said. “If the money was not available, the retirement of a lot of police officers and firefighters would be in jeopardy.”
The $299.1 million in state pension aid went to 1,495 municipalities and regional departments to support pension plans covering police officers, paid firefighters, and non-uniformed employees, the release said.
“Without this aid, communities would have to rely more heavily on local taxes to fund their employee retirement plans, some of which are already struggling to meet obligations,” DePasquale added. “That’s why the Pennsylvania General Assembly must enact a statewide municipal pension reform plan.”
DePasquale announced the release of $55.1 million in volunteer firefighters’ relief association funding in November.
That money helps fund equipment purchases, critical training and insurance for volunteer firefighters and emergency service providers. Those purchases, officials said, go toward keeping communities safe.
The pension aid and volunteer firefighter funding comes from a 2 percent state tax on casualty and fire insurance premiums paid to out-of-state insurance companies.
The amount of state pension and volunteer firefighter aid by municipality can be found on PaAuditor.gov.