Search results
22 paź 2024 · House Bill 1379, as amended, provides cost-of-living adjustments ranging from 15% to 24.5% to educators, school support staff, and other public employees who retired prior to the passage of Act 9 of 2001, which increased pension benefits for active members by 25%.
COLAs increase monthly pension payments for those who are eligible to receive them. As a result, each COLA creates a new unfunded liability, which means increased costs to our employers and ultimately to the taxpayers who fund them. We have no role in determining when or if retirees receive a COLA.
14 lis 2023 · House Bill 1416 would provide increases of 15% to 24.5% to about 69,000 retired public school educators and other state employees, many of whom are in their 80s and 90s. The adjustment would go to those who retired before 2001 when pension enhancements took effect.
23 paź 2024 · The financial analysis said the proposal would add $332 million to the unfunded liability for the State Employees’ Retirement System and $614 million for the Public School Employees ...
16 cze 2023 · Relief may be on the way for 40,000 retired public workers in Pennsylvania with the introduction of two bills that would give retired educators and support professionals their first...
22 paź 2024 · HARRISBURG, Pa. (AP) — A bill that would give pension increases to more than 60,000 retired school and government workers passed the Pennsylvania House by a comfortable margin on Tuesday, although...
SERS pension payments positively impact the state’s economy. In 2023, SERS made approximately. $3.9 billion in pension payments, more than $3.5 billion went to Pennsylvania addresses.
