Bonuses of more than $100,000 each awarded to four executives of the state’s college loan agency eventually would provide substantial increases in their pensions.Sen. John Rafferty, a Republican from Montgomery County, called the pension bump based on recent bonuses at the Pennsylvania Higher Education Assistance Agency “disgusting.”
Rafferty said Tuesday that the Senate should consider legislation that would ban bonuses from any new salary agreements at PHEAA. The agency’s executives could then agree to stay or leave, Rafferty said.
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