In election yr. trick, Corbett wants to delay $300 million in pension payments

Pension payments at the state, school and local level have been increasing dramatically to make up for past underfunding by each of those entities (the teachers and public employees were never allowed to skip their payments). It would be sensible to freeze payments to delay some of the huge scheduled increases in payments this year. However, in an election year trick, Corbett is proposing to defer $300 million of scheduled pension payments in a single year. This will result in much higher costs over the long-run, and could possibly hurt bond ratings (which means higher interest rates).

http://paindependent.com/2014/02/corbett-looks-to-defer-300-million-in-pa-pension-payments/