Facts from the Act 47 Plan
Which personnel group has seen its ranks thinned the most under Act 47? Since Act 47 gives the employer leverage over collective bargaining for new
Which personnel group has seen its ranks thinned the most under Act 47? Since Act 47 gives the employer leverage over collective bargaining for new
We’ve talked previously about allowing bankruptcy as a possible remedy for municipalities to get out from under pension obligations that have become too burdensome. In
In 2011, the debt per capita in Pittsburgh was $1,901, based on the Census count of 306,000 and $581.8 million in general obligation debt of the City. A decade earlier the average resident carried a much heavier debt load of $2,651. Both the debt and the City’s population were higher in 2001 but debt has fallen faster than population in the intervening years resulting in the per capita debt drop.
One of the components of the pension reform debate that is sure to catch a lot of people’s attention is whether public sector workers should
City workers sure regard living under Act 47 distressed status for another five years (at minimum) a tragedy. Many of the City’s labor contracts-including those
If the City does not adopt the Amended Act 47 plan by June 30th, one City Council member foresees a major problem: the City’s public
Discussing the Act 47 plan yesterday, Pittsburgh’s Mayor said this about the plan’s so called failsafe option of increasing taxes to fund budget shortfalls: "I
Pittsburgh is in serious financial difficulties because of a long history of signing generous contracts with its employees. And now City Council wants to abandon
When will elected officials tackle the building pension crisis? According to researchers at the American Enterprise Institute "it is only when the gloom of crisis
Having seemingly perfected the art of taxing people who travel into the City by automobile (evidenced by the nation’s highest parking tax and a possible