The Senate Finance Committee voted unanimously Wednesday to strip Corbett's proposals from pension legislation, except for provisions that would shift most future state and public school employees into a 401K-style retirement plan.
It would maintain the traditional pension plan for state police and prison guards. The bill would switch current lawmakers, judges and executive branch officials if they're re-elected.
The bill passed narrowly, 6-5, and its future is uncertain.
Republican supporters say such a change will bring more certainly to the state's future costs. Democrats opposed it and cited calculations by consultants to the state's two major retirement systems that it'll cost $42.4 billion.
