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 […]
Appropriation Act 1A of 2012 SB 1472 funds the State Employees’ Retirement Board which administers the multi-billion dollar SERS Pension Fund. Appropriation Act 1A of 2012 is scored AGAINST LIBERTY AND AGAINST THE FORGOTTEN TAXPAYER because, even though, this fiscal year’s appropriation is less than last fiscal year’s appropriation, the SERS and […]
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 […]
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 […]
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 […]