Education
Pension Pacman Must Be Stopped
Next fiscal year Pennsylvania school districts will pay $4.9 billion into PSERS, the state teachers’ pension fund.1 Less than one quarter of that amount will fund new benefits earned by…
Media
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Good Returns Won’t Close the Gap
The state teachers’ pension fund, PSERS, just reported a 6.7% return over the past twelve months. That is a very good investment return. Sadly, when starting from a deep…
Media
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SB 1 is Major First Step on Pension Reform
Yesterday, Elizabeth wrote about the reasons we need pension reform now. As the full Senate prepares to vote on SB 1, I wanted to provide some clarity on this…
Media
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State Pension Reform This Week?
Pension reform talks are in full swing as state lawmakers finish up their fall session. The latest pension proposal offers a side-by-side hybrid system for new employees, including new…
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The Pension Crisis Will Trigger Another Tax Hike
The 2016-17 budget is in the books with a $650 million tax increase. That's a significant increase…
Media
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PSERS Revokes Ghost Teachers? Illegal Pension Credit
In a victory for taxpayers, the Public School Employees Retirement System (PSERS) has revoked pension credit illegally given to Allentown “ghost teachers” who were hired to teach but instead…
Media
Read More: PSERS Revokes Ghost Teachers? Illegal Pension CreditPublic Union Democracy
PA’s Long Tradition of Faux Pension Reform
Pennsylvania's pension problem is nothing new. Over the years, lawmakers have tried to salvage the fundamentally broken system instead of creating a system that works. The latest attempt, SB…
Media
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House Pension ‘Reform’ Overpromises, Underdelivers
House Pension ‘Reform’ Overpromises, Underdelivers Senate Should Enact True Reform That Protects Pennsylvanians June 14, 2016, HARRISBURG, Pa.—The state House today passed a pension bill that promises reform…
Press Release
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Beneath the Surface: The Pennsylvania Public Pension Saga–Ten Years Later
Pennsylvania government employee-benefit plans operate in a vacuum. In a world where private-sector benefit cutbacks and cost reductions occur on a daily basis, state government in Harrisburg has not responded…
Memo
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