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 - Sept 1st-5th 2014
Monday Sept 1st Labor Day Specials Remember to Fly the Flag! Tuesday Sept 2nd David Ickes Wednesday Sept 3rd Barry Ickes Thursday Sept 4th Adam Conrad - Real Estate Thursday Perry Wellington Realty Friday Sept 5th
Dial N Deal - August 29th 2014
Nintendo Wii Game System original box in excellent condition, includes Wii console, console stand, 2 controllers, 2 motion plus adapters with protective jackets, 2 nunchucks, charging dock (holds 2 controllers), 2 rechargeable battery packs, 2 extra...
Read More
The 11th Hour - Guests & Topics August 25th-29th 2014
Monday August 25th 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 August 26th   David Ickes Wednesday August 27th including The Blair County...
Read More