LONG-TERM PROGRESS MADE ON PA. PUBLIC EMPLOYEE PENSION PLAN

Financial experts say the changes made toward the Pennsylvania’s Public Employee Pension plan will help make it sustainable for years to come.  Investment watchdogs from the Pew Charitable Trust say the state leaders have made changes to funding plan that will help pay down pension debt.  They also say the changes will ensure that employer costs stay predictable for new workers, while keeping a path to retirement security for the entire workforce.  Special notice was given to the plan managers’ emphasis on reducing fees and measuring risk through regular stress testing.