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Learn about the history, investments and assets of the public pension system for state employees in Pennsylvania. Founded in 1923, the system has over $30 billion in assets and more than 190,000 beneficiaries.
PSERS is a governmental defined benefit plan for public school employees in Pennsylvania, with over 500,000 members and $72.8 billion in assets. It has been criticized for its high fees, poor performance, and controversial investments in alternative assets such as private equity and hedge funds.
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Learn about the history, types, and funding of public sector pensions in the U.S. at the federal, state, and local levels. Compare the retirement benefits and risks of different plans and systems across the country.
The lack of inflation-adjusted raises is a critical reason we have a near 25% vacancy rate in our state government, which threatens both our state’s pension and health plans.
Nina, 72, and her husband, James, 68, left their jobs in 2012, thinking they would be set for a comfortable retirement. But unexpected life events have made their retirement anything but relaxing.
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