What Will a State Pension Takeover Mean for Pittsburgh?
“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
Christopher Wendt
October 15, 2010
“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
As the Mayor takes his case for leasing the parking garages, lots, and meters to the public he has to wonder if at least one
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
Looming like the sword of Damocles are the huge increases in state spending needed to keep state pensions adequately funded-there is a $37 billion gap