Pennsylvania Pension Facts: Beware of False Reforms

Stephen Herzenberg |

With budget season in full swing, some Pennsylvania lawmakers are dusting off plans to eliminate the state’s secure public pension system and shift new state and school employees into 401(k)-style retirement accounts. This Reports and Briefing Papers outlines the facts of Pennsylvania’s pension system and explains why closing the defined benefit plan is a bad idea for taxpayers, public employees, and public employers.