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Pensions rely on payments. Now those payments do get invested. Pennsylvania just didn't make payments for 10 years for teachers and state workers and that kind
by baldfat 11y ago
Pensions rely on payments. Now those payments do get invested. Pennsylvania just didn't make payments for 10 years for teachers and state workers and that kind of causes problems.
Also 65 might be to low a number now but that is another issue.
- pc86 11y ago> Pensions rely on payments. Meaning that the system collapses if you don't have new people continually paying into it? I think that already has a name.
- baldfat 11y agoNo the state just didn't pay their bill. Now we are paying much higher to catch up! Last time I looked PA has millions of people.