Political

Re: CalSTRS to cut assumed rate of return to 7%

By at February 7, 2017 | 6:13 pm | 0 Comment

by Richard Dreyfuss CalSTRS – the California counterpart to PSERS is lowering their annual assumed investment rate-of-return from 7.5% to 7%.  CalSTRS has about 4X the assets under management compared to PSERS. Note the observation that using 7.25%, the California consultant concluded the plan had a less than 50% chance of meeting that expectation. Here […]

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Vote No on the Judicial Ballot Question

By at October 3, 2016 | 9:31 pm | 0 Comment

“Shall the Pennsylvania Constitution be amended to require that justices of the Supreme Court, judges, and magisterial district judges be retried on the last day of the calendar year in which they attain the age of 75 years?” I’m voting No. It’s hard to see how this change serves the public interest. However, there are […]

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Featured , Political

Barbara Hafer’s pension pay out based on RTK Requests, (2012)

By at July 28, 2016 | 12:23 pm | 0 Comment

Gross monthly annuity: $4,035.29 Please note that as of the date of the receipt of the SERS data, there was no record of a lump sum withdrawal. Download Excel spreadsheet

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Featured , Political

Richard Nixon: The Last Liberal President?

By at July 28, 2016 | 12:06 pm | 74 Comments

Richard Nixon: The Last Liberal President?

It’s been forty years since Richard Nixon’s obsession with Daniel Ellsberg and the Pentagon Papers backfired and led to the 1971 landmark First Amendment Decision, i.e., New York Times v. United States. The ruling made it possible for newspapers to publish the then-classified Pentagon Papers without risk of government sanction. For a man “kicked around […]

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Economy , Energy & Environment , Featured , Legal , Political , ,

Part 1: The Taxpayer Chain Gang

By at June 20, 2016 | 7:19 am | 0 Comment

by Jeff Coleman and Eric J. Epstein An old and misguided political adage claimed that Democrats built schools and Republicans built prisons.  It’s simply not true, and the reality is much more complex. It would be far more accurate to say that society creates conditions for failing schools and thriving prisons, while taxpayers underwrite abysmal […]

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Featured , Political

DEP Reaches Natural Resource Damage Settlement with Talen Generation, LLC for 2005 Martins Creek Ash Spill

By at May 6, 2016 | 11:35 am | 0 Comment

COMMONWEALTH OF PENNSYLVANIA Dept. of Environmental Protection Commonwealth News Bureau Room 308, Main Capitol Building Harrisburg PA., 17120 FOR IMMEDIATE RELEASE 05/4/2016 CONTACT: Colleen Connolly, DEP 570-826-2035 DEP Reaches Natural Resource Damage Settlement with Talen Generation, LLC for 2005 Martins Creek Ash Spill The Pennsylvania Department of Environmental Protection (DEP) and the Pennsylvania Fish and […]

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Featured , Pennsylvania Issues , Political , Watch Dog

PA Pension Debt has passed $66 billion

By at May 6, 2016 | 11:32 am | 0 Comment

PA Pension Debt has passed $66 billion

Pennsylvania’s Pension Debt has now passed $66 billion.   The new figure is a revision using the 12/31/15 State Employees Retirement System (SERS) report.  Prior to its release, the “clock” was based on the 12/31/14 report and adjusted as accurately as possible.   And, given the pension fund discount rate  of 7.5%, the (old) number increased at […]

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Featured , Pennsylvania Issues , Political , Watch Dog

Trump on real unemployment rate

By at May 2, 2016 | 9:01 pm | 0 Comment

Trump on real unemployment rate

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Political

Revised Pension Estimate for Rep. Mark Cohen

By at April 29, 2016 | 11:11 pm | 0 Comment

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 a 1.5% multiplier. Rep. Mark Cohen (D-Philadelphia) will qualify for a pension benefit of 3% (2% X 1.5) of Final Average Pay […]

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Featured , Pennsylvania Issues , Political , Watch Dog

Since 2008 median income stagnates in PA, salaries of state officials grow: Enter Trump

By at April 16, 2016 | 8:07 pm | 0 Comment

State officials in both political parties have done little to better the economic standing of average Pennsylvanians, even while they accept generous cost-of-living increases, further insulating themselves from the economic hardships felt by their voters. As we approach the spring primary in Pennsylvania two little-discussed numbers explain both the anger of the public and the […]

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