Regulation
Pennsylvania school employees pension costs to quadruple in 4 years
The Pennsylvania Public School Employees Retirement System (PSERS) at their meeting today certified a small increase in the employers’ (re: taxpayers) contribution rate – from the current 4.76% to…
Media
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Pension Pain
Cross Posted at Capitol Domes The stock market’s steep decline is a source of angst for all those whose retirement account balances have taken a nosedive. The financial…
Media
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No Extra Money in the Fund
"There is no extra money in the fund" for a pension Cost Of Living Adjustment (COLA). That’s the analysis from the State Employees' Retirement System (SERS), not the Commonwealth Foundation…
Commentary
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The Pension and Healthcare Non-Crisis
Despite the well-documented unfunded liabilities in Pennsylvania’s largest public employee pension plans (PSERS and SERS), the response from Harrisburg to the coming fiscal crisis ranges from denial to paralysis. Following…
Commentary
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Getting Out of the Pension Dilemma
(Editors Note: This Commentary was originally published on March 8, 2006) Pennsylvania’s public employee pension plans are facing a looming financial crisis. Regardless of how one looks at the current…
Commentary
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Pennsylvania Pensions: Man-Made Financial Disasters
The “Process Improvement Theory” relates to the timing in a process when errors are diagnosed and fixed. As the theory goes, at each ensuing interval in which a problem is…
Commentary
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State employees’ pensions might carry big price tag
“Might”? Whoever wrote the headline for this Patriot-News story on the looming pension crisis should have read the story. Even the plan administrators at PSERS and SERS don’t see…
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Retire the current retirement system
This Daily Item editorial gets it almost exactly right. While the conclusions are accurate that it will be the taxpayers who take it on the chin, the blame is…
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