Rendell's Pension Reform Plan?

From the Patriot News report on the state employees contract deal came this tidbit:

Rising pension costs also were discussed in negotiations, but Budget Secretary Michael Masch said those changes require legislative action. He hinted that Rendell's budget address next month will include proposing some solutions, such as moving to a defined contribution plan for new hires, to keep the public pension system solvent.

The crisis in public pensions will be the topic of our next Policies and Principles Luncheon and Breakfast.