How is PSERS funded?
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?