EDITORIAL | Taxpayers lose in Pa. pension gamble
We hate to have to say “We told you so.” So we won’t. But we’ll let the Chambersburg Public Opinion do it. 🙂
“The stock market was strong back then; both state retirement funds (State
Employees’ Retirement System and the Public School Employees’ Retirement
System) had surpluses. Still, the Commonwealth Foundation called it a
legislative money grab, and expressed concern about the state’s and
taxpayers’ future ability to fund the system.
“Unfortunately for taxpayers, the Commonwealth Foundation
turned out to be right.“
Read the full editorial here.