The proverbial “can has been kicked down the road” for many years and a system based on outdated actuarial assumptions on life expectancy, birth rates, and years spent in retirement has remained in place. Explore how Pennsylvania got to this pension crisis, and how proposed legislation and common sense funding measures can rectify the situation and prevent a future crisis.
Summary of ContentsPennsylvania’s Municipal Pension Challenges
House Bill 414, Amending Municipal Pension Plan Funding Standard and Recovery Act
Municipal Pension Handbook