City Officials Rest Easy
Here’s what the most recent actuarial valuation (reflecting data as of January 1, 2009) shows for the health of the City’s pension funds in aggregate
Here’s what the most recent actuarial valuation (reflecting data as of January 1, 2009) shows for the health of the City’s pension funds in aggregate
Under the timeline contained in the "Request for Concessionaire Qualifications" released by the Pittsburgh Public Parking Authority earlier this year, prospective bidders interested in entering
After opening the two high bids yesterday afternoon a partnership of LAZ Parking/JP Morgan emerged as the winner with a bid of $451.7 million for
A pension fund that went from a healthy fund ratio (assets/liabilities) to one where there is now $0.79 in assets for every $1 in liabilities.
A Tribune Review article of November 8 reminds once again just how desperate the unfunded pension plan situation is for many Pennsylvania communities, including the
Pennsylvania has three pension systems, though only two of them can really be considered as unified systems which cover all employees by type. There is
Under Act 44 of 2009 Pittsburgh had to get its underfunded pensions to 50% funded (enough assets to cover 50% of accrued liabilities) or face
Friday the 13th was not a propitious day for Pittsburgh judging from the negative news stories. The Tribune Review reported comments from James McAneny, who
Friday marked the release of what will likely become the final Act 47 recovery plan for the City of Harrisburg and a lot of work
Under Act 44 of 2009, which was referenced in yesterday’s blog as the major thrust of reform for local government pensions, local communities had their