

You've heard about it. You know it's affecting your taxes and leaching money from infrastructure, business development, education and more.
Thanks to a combination of factors, Pennsylvania is in a $41 billion hole as it struggles to sustain its defined-benefit retirement plans. Meanwhile, municipal pension plans have amassed nearly $7 billion in unfunded liabilities.
Lawmakers are talking reform that could affect future retirement benefits — this time with the help of private-sector ideas — but how will they tackle the debt already incurred when the debate heats up in 2013?
In a two-part series, the Business Journal shows you how the state pension crisis came to exist, the reform measures that reflect the current thinking, and what the crisis means — and could mean — to your business.
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Taylor February 26, 2018 7:14 am
It’s surprising to find the amounts of debts in each states even after the high tax paid by the taxpayers. Not sure why we are funding so much money in other countries to keep their army control in the province. If we could avoid this unnecessary expenses our financial status would have been better. Google Chrome running out of memory