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|Pennsylvania Senate Approves Bill for Hybrid Retirement Plan for New Employees|
Pensions & Investments
Dec. 9, 2015
"The bill would require new state and school employees to enroll in a hybrid plan consisting of a traditional pension fund and a 401(k)-style plan ... The $51.7 billion Pennsylvania Public School Employees' Retirement System and $27 billion Pennsylvania State Employees' Retirement System, both based in Harrisburg, together have an unfunded liability of $60.1 billion."
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