Pennsylvania Pension Funds Could Run Dry In As Little As 10 Years

Without higher contributions from workers and taxpayers, Pennsylvania’s public sector pension plans may not be able to pay for their promises.

And if investment returns fail to live up to expectations, the two pension funds could run dry before the end of the next decade.

Those are the startling conclusions drawn by a pair of researchers at the Mercatus Center, an economic think tank based at George Mason University, which examined Pennsylvania’s Public School Employees Retirement System and the State Employees Retirement System.

The center says PSERS has a 31 percent chance of making it to 2030 with sufficient funding to pay for all the retirement benefits promised to current and former workers, while SERS has only a 16 percent chance of making it that long.

Read more:

http://www.dailylocal.com/general-news/20150419/pennsylvania-pension-funds-could-run-dry-in-as-little-as-10-years

Never Thought I Would Live To See This

The Pennsylvania Liquor Control Board has maintained a strangle-hold on alcohol sales in our state for decades.  For many years people have been screaming about reforming the State Store system and the state monopoly on alcohol sales.  Many other states allow alcohol sales in convenience and grocery stores.

Interesting article below on the subject from the Center Daily Times that involves Altoona based Sheetz, Inc.  There is a Sheetz store located on Route 422 near Birdsboro.

http://www.centredaily.com/2010/04/29/1946117/state-board-oks-sheetz-in-store.html?utm_source=twitterfeed&utm_medium=twitter