Browsing Posts of Author
Many people confuse Memorial Day and Veterans Day. Memorial Day is a day for remembering and honoring military personnel who died in the service of their country, particularly those who died in battle or as a result of wounds sustained… Read the rest[...read more]
Data assembled by Richard Dreyfuss, Independent Consultant
Presented by Eric Epstein on May 9, 2016
PSERS estimates its asset value using a 10 year rolling average which is allowed under Act 120.
The actuarial standard for… Read the rest[...read more]
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FOR IMMEDIATE RELEASE
April 29, 2016
Revised Pension Estimate for Rep. Mark Cohen
Rock the Capital learned last night that the formula used to project Mr. Cohen’s pension used a 1.25% multiplier rather than… Read the rest[...read more]
Enclosed please find data relating to the projected pension pay out to Rep. Mark Cohen (D-Philadelphia) who was defeated on April 26, 2016. Rock The Capital filed Right to Know requests with the State Employees’ Retirement System (“SERS”) on Wednesday,… Read the rest[...read more]
This display represents a visual accounting of four failures:
First, there is constitutional delinquency. Borrowing against the pensions, forbidden by our constitution, has been the defacto policy of Pennsylvania’s state government since 2003;
Second, as the credit rating downgrades have… Read the rest[...read more]
- Fact: Fifteen years ago Governor Ridge signed into law Act 9 with overwhelming support from the legislature.
- Fact: The legislation did not provide a revenue mechanism to fund increased benefits.
- Fact: Act 9 is not going to be repealed,
January 5, 2016
Representative Mark Keller
Chairman, Legislative Audit Advisory Commission
Room 108, Ryan Office Building
P.O. Box 202086
Harrisburg, PA 17120-2086
Dear Chairman Keller:
In recent years, Pennsylvania citizens have… Read the rest[...read more]
Group Proposes Solutions to Avoid Future Impasses
December 29, 2015
(Harrisburg) – Rock the Capital released a state by state comparison of budget data that includes the following:
- Target date for passing the budget.
by Andrew Staub
Gov. Tom Wolf campaigned on a promise he’d be a “different kind of governor,” but his most recent nomination raised concerns that political patronage is afoot.
Wolf late Friday afternoon announced he had nominated Michael Newsome, a… Read the rest[...read more]