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Pennsylvania Independent Fiscal Office Evaluates Teacher Pension Funding Bill
National Tax-Deferred Savings Association [NTSA] Link to more items from this source
May 22, 2017
"The Pennsylvania Independent Fiscal Office ... concludes that the measure would change its financing but would leave benefit provisions intact.... The bill would ... accelerate the amortization of the unfunded accrued liabilities ... by: [1] computing the unfunded liabilities using the market value of assets; [2] providing for a fresh start amortization of the unfunded liabilities; and [3] providing a schedule of payments that would amortize the unfunded liabilities over approximately 20 years, based on a schedule of payments increasing at specified rates."

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