31 October 2012 0 Comments

Unions and Bain Capital – Public Sector Unions Invest With Bain – PSERS and SERS

Both Pennsylvania’s two major  public sector union pension funds in vest with Bain as well as UPITT: State Teachers Retirement System of Ohio ($767.3 million). Pennsylvania State Employees Retirement System ($231.5 million) “These pension funds aggregate the savings of millions of unionized teachers, social workers, public-health personnel and first responders. Many of them would be […]

19 August 2012 0 Comments

Liberty Index 2012 Appropriations Acts Part 2 – Appropriation Act 2A of 2012 PSERS

 Appropriation Act 2A June 13 SB 1473 Public School Employees’ Retirement Board – administrative expenses (PSERS)   Appropriation Act 2A House Fiscal Note   Appropriation Act 2Amakes an [increased] appropriation from the Public School Employees’ Retirement Fund to provide for the expenses incurred by the Public School Employees’ Retirement Board for the administration of the system for […]

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5 July 2012 0 Comments

Liberty Index Appropriation Acts 2012: Appropriation Act 2 of 2012 – Funding Pennsylvania Public School Employees Pension

PSERS is the main driver of pension costs in Pennsylvania. For this fiscal year, FY 2012-2012, there was a very small, proportional increase in taxpayer funding of the Unionized School Teacher’s pension administrative bureaucracy. PSEA is a”lobbying Leviathan” that has blocked any meaningful pension reform.           San Diego and San Jose […]

13 March 2012 0 Comments

Pennsylvania Pension Pension Vote of 2001 and Costs for PSERS and SERS rise dramatically as was entirely foreseeable.

Pennsylvania Pension Costs for PSERS and SERS rise dramatically as was entirely foreseeable. Unfunded mandate of $40B has to be dealt with regardless  PaIndependent 24 Feb 2012 Citizens Alliance of Pennsylvania (30 Jan 2012)  reminds us of the infamous 2001 Pension Vote that started the juggernaut of escalating pension costs. walking, inexorable, toward fiscal disaster […]

3 December 2011 0 Comments

Pennsylvania Pensions: Credit Card Maxed Out – Tax Takers v. Tax Makers

Pension calculations are complicated and, frankly, over my head. The information in this fact packed article is not fiscally encouraging. The Taxpayer has to pay; the question is what happens to all this money transferred from tax makers, the productive sector, to the tax takers, the government administrative sector. Democrats are not engaged. PaIndependent informs […]