With City Council’s final vote and the Mayor’s pronouncement that it is “time to move on” to other issues, the stage appears to be set
“A City of the Second Class that is determined to be in Level III distress based upon the required actuarial valuation reports for a plan
The Mayor’s recently released budget wanders into the world of fantasy, delusion and denial. A trifecta seldom seen. With the prospect of PMRS taking over
In yet another strange but not surprising development the firefighters union is suing Pittsburgh, asking a judge to order the City to come up with
Rarely in the annals of self-government has the elected government shown itself to be as inept as that in Pittsburgh. With a looming takeover of
On the subject of City Council’s latest attempt to craft a pension solution that averts a state takeover in two days by using dedicated parking
After witnessing the desperation of City Council this week, we have towonder what can be so frightening about the state takeover of thepensions. If they
Was part of the motivation for avoiding a state takeover of the City’s pensions to preserve the jobs of the employees that handle those pensions?
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
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
