Dave's Place

 


What 33 years of Rick Geist Costs Taxpayers



PA public pensions’ future may mean even higher taxpayer costs
Major private-sector pensions, investment experts suggest lowering rates


By Eric Boehm | PA Independent |
March 30, 2012 |

HARRISBURG — Pennsylvania’s two public pension systems have a combined unfunded liability of about $37 billion, but because of the way the liability is calculated, the actual amount to be paid in coming years is likely higher.
If the funds used assumed rates of return in line with the private sector and as suggested by investment consultants, the actual liability exceeds $50 billion.The state’s two pension systems — the Public School Employee Retirement Commission, or PSERS, and the State Employees Retirement System, or SERS — are funded by state taxpayers, employees in the system and investment returns. See the full story here:


http://paindependent.com/2012/03/pa-public-pensions-future-may-mean-even-higher-taxpayer-costs/
 (0) Comments




 
Recent Posts
Categories
Archives
 
The 11th Hour - Guests & Topics - Oct 20th-24th 2014
Monday Oct 20th Dr. Gabe Mirkin Dr. Mirkin.com Dr. Gabe Mirkin on Fitness & Health Facebook page Dr. Mirkin on Twitter Tuesday Oct 21st David Ickes Wednesday Oct 22nd Toasty Toddler Program 941-7741 Ghost Tours of The Mishler...
Read More
Dial N Deal - October 17th 2014
Weslo Electric Treadmill in excellent condition - $70 Kenmore Portable Sewing Machine - $42.00 John, Altoona 944-7429 Bell & Howell Super 8 Projector lamp and motor work well, auto load, 8mm - FREE Bud, Altoona 944-5276 Gas Can...
Read More
The 11th Hour - Guests & Topics Oct 13th-17th 2014
Monday Oct 13th James B. Huntington, PH.D Choosing a Lasting Career The Job-by-Job Outlook for Work's New Age Work's New Age Blog Tuesday Oct 14th David Ickes Wednesday Oct 15th Dr. G. Terry Madonna Franklin & Marshall...
Read More