The Wall Street Journal This Morning
Steve Willett
Two Way Radio - 814 946 0435

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/


Tags :  
Topics : Business_FinanceLaborSocial Issues
Social :
Locations : HarrisburgLos AngelesPennsylvania
People : Eric BoehmEvelyn TatkovskiNicholas MaialePamela HileRick Dreyfuss




 
04/02/2012 12:28AM
What 33 years of Rick Geist Costs Taxpayers
Please Enter Your Comments Below
Title :
Comment :
Recent Posts
Categories
Archives
 
The 11th Hour - Guests & Topics Feb 23rd-27th 2015
Monday Feb 23rd Barry Ickes Tuesday Feb 24th David Ickes Wednesday Feb 25th including Mike Huckabee Thursday Feb 26th Adam Conrad - Real Estate Thursday Perry Wellington Realty Friday Feb 27th
Dial N Deal - February 20th 2015
Laundry Sorter with ironing board top - $25 Wooden Stand - $10 John, Altoona 944-7429 Couch light colored floral patterned cloth with stripes, formal design, good condition - FREE Jules, Altoona 943-8237 Coca-Cola Collectible Jazz...
Read More
The 11th Hour - Guests & Topics Feb 16th-20th 2015
Monday Feb 16th 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 Feb 17th David Ickes Wednesday Feb 18th Thursday Feb 19th Adam Conrad -...
Read More