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Retiring Pennsylvania’sPension Challenge:Eliminating the 2012-13Rate Spike
A Pension Reform White Paper
Commonwealth of PennsylvaniaGovernor’s Budget OfficeMichael J. Masch, Secretary June 5, 2008
Retiring Pennsylvania’s Pension Challenge: Eliminating the 2012-13 Rate Spike
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Contents
Executive Summary 51.Introduction to Pennsylvania’s Pension Systems and Retiree Benefits13
2.Defining Pennsylvania’s Pension Challenge21
3.Recent Investment Performance and Pension Legislation24
4.Evaluating Three Proposed Changes to Pennsylvania’s Pension PoliciesThat Do Not Solve the Pension Funding Problem28 5.The Administration’s Plan to Eliminate the FY2012-13 Rate Spike34
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