Public Employee Pensions and Benefits


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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