The Pennsylvania Auditor General’s Office recently published distress scores for municipal pensions. Act 44 of 2009 established distress scores for municipalities (cities, boroughs, townships,
The audited data for Allegheny County’s Retirement System shows that from 2005 until 2011 the system has slipped in health and the County is putting
As we have written on previous occasions, the City of Pittsburgh’s legacy cost issue is multi-faceted-although little attention is given to some important parts of
Allegheny County is home to nearly 300 pension plans that cover the gamut of local government employees: from police officers and firefighters to bus drivers,
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
Now that Council has apparently pronounced the Mayor’s lease proposal DOA, what next? Only two possibilities remain. Allow the state to take it over and
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 new article from the American Enterprise Institute tackles the thorny issues of assumptions on rates of return for public sector pensions and the practice
