Learn more about pension and retirement.
By House Appropriations Committee Staff7 months ago
This analysis, dated December 11, 2018, provides an independent review of the PPMAIRC Recommendation Report. Provided by Stephen L Nesbitt, CEO, Cliffwater LLC.
By House Appropriations Committee Staffone year ago
This is an analysis of Senate Bill 1 Printer's Number 902.
By Bernie Gallagher3 years ago
This memo provides an analysis of the Republican Pension Proposal: SB1071 (PN1913) as amended by A10803.
This Primer provides talking points regarding the Republican Pension Proposal: SB1071 (PN1913) as amended by A10803.
This is an analysis of the pension proposal, SB 1071, as amended by A8206.
By Bernie Gallagher4 years ago
As we have seen with previous GOP attempts to “reform” the pension systems, the proposed side-by-side hybrid pension plan (Senate Bill 1071, PN 1481) does not generate any savings in the short-term for the 2015/16 budget, nor does it pay off the pension debt any sooner than the current payment plan. Additionally, despite the pension changes, school districts’ pension payments will continue to increase for the next 20 years.
These Fast Facts provide key takeaways from the June 4, 2015 public hearing on retirement security. Five national experts testified before the PA House Democratic Policy Committee about retirement security and how pension system changes could impact Pennsylvania. The experts cautioned lawmakers about making changes to the retirement systems, especially moving from a defined benefit (DB) plan to a defined contribution (DC)/cash balance plan as proposed in Senate Bill 1.
By Bernie Gallagher5 years ago
Senate Republicans fast-tracked and passed a complicated, far-reaching and unconstitutional plan to overhaul the state’s pension systems. Ironically, despite claims that the changes are necessary to address the pension debt, according to the actuarial analysis, the plan does not pay off the debt any sooner than the current payment plan, nor does it save any money in the short-term to address the budget deficit.
This memo is in regards to the Urban Institutes's Pension Report.
By Bernie Gallagher6 years ago
These Fast Facts debunk pension arguments.
These Fast Facts provide information regarding Act 120 of 2010 Retirement Benefit Changes for New Employees.
Pension Points: Q&A - Senate Bill 922
By Bernie Gallagher7 years ago
Pension Points: 3 out of 4 Actuaries Agree - Pension Reform Costs More
Pension Points: Corbett's Pension Plan; A Gamble We Cannot Afford - Memo from the Chair
Pension Points: Pension Crisis - We've Been Here Before
Pension Points: Act 120 - Pension Reform in Action
This Budget Briefing provides detail regarding Governor Corbett's 2014/15 pension plan.
Pensions: Understanding the State Systems (Update 3) - Budget Briefing
Memo from the Chair: The Public Employee Retirement Commission met to release its draft actuarial analysis of Rep. Tobash’s plan to dramatically cut retirement benefits for future state and school employees.
This presentation provides detail regarding House Bill 2497 and the pension rate spike.
By House Appropriations Committee Staff10 years ago
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