Commission Signs Off on Actuarial Analysis of “Rescue Effort” Pension Reform Plan, Skepticism Abounds

Commission Signs Off on Actuarial Analysis of “Rescue Effort” Pension Reform Plan, Skepticism Abounds

After an hour-long executive session and an hour long public meeting, the Public Employee Retirement Commission (PERC) unanimously approved an actuarial note to the hybrid pension plan offered by Rep. Mike Tobash (R-Schuylkill).

Rep. Tobash called the plan a “rescue effort” in terms of pension reform and a first step in broader changes designed to attack an estimated $40 billion-plus unfunded liability.

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Wednesday, May 28, 2014/Author: Jason Gottesman
Categories: News and Views
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