Regulation
$27 Billion Pension “Reform”: Still Doubling Down on Generational Theft
On June 16, the PA House passed pension "non-reform" by further deferring the scheduled taxpayers' contributions to the state's largest government pension plans - the Public School Employees Retirement System (PSERS)…
Commentary
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Rendell’s $52 Billion Pension “Reform”
Gov. Rendell and the Democrat-controlled House are trying to redefine pension "reform" by further deferring the scheduled taxpayers' contributions to the state's largest government pension plans - the Public School…
Commentary
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PA Pension Crisis Video
Here is a great video highlighting the looming crisis in Pennsylvania’s state pension plans (specifically PSERS). Not sure who created this, but it’s worth a watch. For…
Media
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Government Workers Won’t Be Screwed by 401k Plan
Capitolwire has a story (subscription) on a recent hearing regarding switching from defined-benefit pensions to defined-contribution (401k) plans for state and school employees. I was asked to respond to…
Media
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The Trillion Dollar (and then some) Pension Gap
The Pew Report on state pensions, finding a $1 trillion unfunded liability nationally, has already received a great deal of attention, so here are just some brief highlights for…
Media
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Pennsylvania Pension Managers Note Looming Crisis
The Post-Gazette features an article on the upcoming cost increases to Pennsylvania school districts and the state for pensions in the Public School Employees Retirement System (PSERS). The article…
Media
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Pennsylvania Pensions and Taxes
Pennsylvania's statewide pension plans for public school employees, state workers, legislators, judges and other government employees - the Public School Employee Retirement System (PSERS) and the State Employee Retirement System…
Fact Sheet
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Stimulus Money to Help Deal with Pension Crisis?
A number of Pennsylvania House Republicans are proposing using a portion of the federal stimulus money to pay into PSERS, the retirement fund for school employees. The $435 million…
Media
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PA pension funds report major losses
Mark Scolforo summarizes the reports from Pennsylvania two statewide pension funds SERS (for state workers) and PSERS (for school district employees): The percentage losses on investments were similar.
Media
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