Regulation
Latest Pension Bill a Mixed Bag
Yesterday the State Senate passed a revised pension reform bill (SB 1082) including a side-by-side hybrid, with a smaller defined benefit pension and a defined contribution…
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Pennsylvania’s Public Pension Crisis Grows
When you assume an investment return rate of 7.5 percent and your actual returns are 3.04 percent you have a problem. If you are the Pennsylvania Public School Employees' Retirement System you…
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The Myth of the Modest Pension
One of the specious arguments used to thwart pension reform centers on the average benefits of retirees. Opponents of reform claim the “average pension benefit” is around $25,000 annually. But…
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Stopping the Sinkhole
Evidence from the private sector and some reformed public sector pension programs shows that pension reform is possible and creates significant savings to firms in the private sector and taxpayers…
Report
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2014: A Year for Pension Reform
Pension reform promises to be on the forefront of the legislative agenda in the new year, and for good reason. PSERS and SERS, the state’s two pension systems for…
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Pension Reform Benefits Workers and Taxpayers
Pennsylvania’s two main government worker pension systems, the Public School Employee Retirement System (PSERS) and the State Employee Retirement System (SERS), together have more tha than $47 billion in unfunded…
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Pension Crisis Facts: Did Lawmakers Already Solve the Pension Crisis?
This is the second in a series of blog posts debunking the myths surrounding Pennsylvania’s pension crisis. Pennsylvania’s two main pension systems, the Public School Employees’ Retirement System (PSERS) and…
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Pension Crisis Facts: Is the Stock Market to Blame?
Pennsylvania’s two main pension systems, the Public School Employees’ Retirement System (PSERS) and the State Employees’ Retirement System (SERS), are dramatically underfunded. Together these plans have more…
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Did Legislation in 2010 Fix the Pension Crisis?
This post originally ran in Commonwealth Foundation’s PolicyBlog. For more on pensions, see the timeline of the crisis, common myths vs. facts, and what your pension…
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