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Hybrid Pension Plan for Pennsylvania School and State Employees Projected to Produce $11 Billion in Savings Over 30 Years
PennLive Link to more items from this source
May 28, 2014
"A proposed pension reform plan that would change the design of the state and school employees' retirement plans would eventually erase the pension systems' $47.5 billion debt and introduce a mandatory 401k-style retirement-savings plan for new public employees.... Other actuarial studies put the 30-year savings between $6.5 billion and $13 billion, depending on the assumptions built into them[.]"

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