Should teacher pensions be reformed?

Should teacher pensions be reformed?

Created by Closing the Gap on Sep 8, 2011

8 votes

Click on an option to vote

yes

no

Truth in Numbers

Pittsburgh, PA

#3 Sep 20, 2011
Barro and Buck, a Philly actuarial firm, put Pennsylvania’s adjusted funding gap at $43.2 million, more than four times the $9.4 million figure cited by the Pennsylvania Public School Employees Retirement System (PSERS), the report said.

And while the state claims the system is 86 percent funded, they said the true figure is 54 percent.

“What explains the rest of the gap between the funds’ estimates and our own?” the report said.“The funds aggressively ‘discount’ the cost of paying benefits in the future because they assume that stocks’ values will be much higher by the time the funds have to pay out those benefits.

Tell me when this thread is updated:

Subscribe Now Add to my Tracker

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Connellsville Discussions

Title Updated Last By Comments
Dr erlinda Perez Aquino (Apr '13) Jul 19 Rachel 2
Study the Bible (Oct '16) May '17 MacIntyre 2
selfies May '17 edward15425 2
Why was Phil Martell hired? (Mar '16) Mar '17 Charlie 7
woman panhandling for diapers and baby wipes at... (Apr '16) May '16 Tin cup 3
Did Martell Submit Fake Budget Data (Mar '16) Mar '16 The truth 2
News Man accused of pharmacy robbery spree arrested ... (Feb '16) Mar '16 On the beat 2

Connellsville Jobs

More from around the web

Personal Finance

Connellsville Mortgages