Tag Archives: Pennsylvania

Pennsylvania’s Pension Fund Crisis

Pension funds have long suffered major setbacks over the years with many of them failing due to lack of funding. Unfortunately, that crisis is still looming in many states.

Pennsylvania’s Public School Employee’s Retirement System (PSERS) recently announced that school districts will have to pay 32.57 percent of every employee’s salary into the fund for the 2017-2018 fiscal year. This news is pretty common and yet certain groups are calling for the board to make fiscal decisions that could have … Read More

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