Pennsylvania needs to end the credit-card approach to pension reform: John Yudichak
on July 18, 2014 at 1:00 PM, updated July 18, 2014 at 1:06 PM
By John Yudichak
A $50 billion pension crisis does not happen overnight – and the current crisis involving Pennsylvania’s severely underfunded pension system is no different.
In 2001, the state pension funds were fully funded and the defined benefit system was a clear example of fiscal efficiency.
What happened? Continue reading