Regulation
Pennsylvania’s Pension Crisis: Myths and Facts
Pennsylvania’s two main government worker pension systems, the Public School Employee Retirement System (PSERS) and the State Employee Retirement System (SERS), are dramatically underfunded. Together these funds owe more than…
Fact Sheet
Read More: Pennsylvania’s Pension Crisis: Myths and FactsRegulation
Public Pension Crisis Averted?
Has Pennsylvania’s public pension crisis been averted? Not by a long shot. This weekend, the Tribune-Review heralded a $69 million budget surplus in the Pennsylvania School…
Media
Read More: Public Pension Crisis Averted?Regulation
How Big is the Pension Bomb?
Taxpayers will have to pay $1,385 more each year for 30 years to fully pay off pension liabilities, according to a new study on the cost of pension plans…
Media
Read More: How Big is the Pension Bomb?Regulation
Pension Iceberg Grows $4 Billion
Pennsylvania’s ailing government worker pension system just landed taxpayers an estimated $4 billion more in unfunded pension liabilities. The Public School Employee Retirement System (PSERS)—the largest government worker pension system…
Media
Read More: Pension Iceberg Grows $4 BillionRegulation
Principles for Public Pension Reform
Projected taxpayer contributions for PSERS and SERS will increase from $1.7 billion in 2011-12 to more than $6.2 billion in 2016-17—a 263% increase. Contributions will continue to rise at a…
Fact Sheet
Read More: Principles for Public Pension ReformRegulation
Senate Seeks to End Generational Theft
This week, Senate Majority Whip Pat Browne, Sen. Mike Brubaker, Senate Appropriations Chair Jake Corman, and Senate Majority Leader Dominic Pileggi announced plans to introduce pension reform legislation. The…
Media
Read More: Senate Seeks to End Generational TheftRegulation
Pennsylvania State and School Pension Costs
Pennsylvania taxpayers fund two statewide pension plans for government employees—the State Employees' Retirement System (SERS) for state employees and the Public School Employees' Retirement System (PSERS) for school employees. PSERS…
Fact Sheet
Read More: Pennsylvania State and School Pension CostsRegulation
Will our Grandchildren be Budget Losers?
As the Governor's state budget address approaches, there is no shortage of speculation surrounding various fiscal austerity proposals and which departments and programs will likely be the ultimate budgetary "winners…
Commentary
Read More: Will our Grandchildren be Budget Losers?Regulation
Pennsylvania State Pension Liabilities
PSERS and SERS project total taxpayer contributions will increase from $1.1 billion this year to more than $5.5 billion in 2016—a 421% increase in five years.
Fact Sheet
Read More: Pennsylvania State Pension Liabilities