Changes to benefits for state employees (almost always an increase in benefits)
Changes in investment performance
Caps or restrictions placed on the required contribution rate by lawmakers to ‘relieve’ a perceived ‘burden’
A shift of the contribution burden from one party to another (e.g. away from the state and onto school districts) In a future post we'll look more closely at the decisions made in Harrisburg that led to the current funding crisis. Previous posts on PSERS:
1. PSERS - an emerging problem
2. What is PSERS?
3. How are Benefits Earned?