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Why Pennsylvania and Other States Must Address Pension Reform Now, Before It's Too Late
Washington Times [Opinion] Dec. 26, 2019 "Pennsylvania's funding ratio is 29.42 percent, and it is ranked at 40 compared to other states in this field. Worse still, between 2013 and 2018 in Pennsylvania, the funding ratio fell by 2.87 percent despite the nation being in a rapid 10-year expansion in equities -- and we're not alone. State pensions across the country are funded at an average of 35 percent of what they should be. Even the best-funded states like Tennessee, Indiana and Nebraska which rank in the top three, have unfunded liabilities ranging between $8,500 and $9,000." |
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