Public Employee Pensions and Benefits

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Pennsylvania may soon be unable to meet its pension obligations. The unfunded liability for Pennsylvania’s Public School Employees’ Retirement System (PSERS) and the State Employees’ Retirement System (SERS) has reached $63 billion. The Independent Fiscal Office estimates that in 2019-20 pension payments will represent 9.4% of the state General Fund budget—crowding out funding for other services. 

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