Summary
Pennsylvania school boards faced with the prospect of significant increases in pension costs in 2012 want the Legislature to revamp the Pennsylvania School Employees Retirement System next year.
The multibillion-dollar pension fund reported a third-quarter loss of 11.7 percent Tuesday. Although officials said the long-term outlook is positive, the fund has lost 16.7 percent of its value since Sept. 30, 2007, and 2008 calendar year losses are expected to increase significantly by Dec. 31.See the full content of this document
Extract
School Boards Seek to Revamp Pension System
Although the fund long has ranked among the nation's best- managed large public pension funds, costs are sch...
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