US - State officials must raise employer contributions now in order to avoid a 15.1% spike in 2012, the US$32bn Pennsylvania SERS has warned.
Act 2003-40 changed the funding period for most of SERS’ actuarial liabilities from 10 years to 30 years as pension deficits skyrocketed on the back of the stock market crash in the early 2000s. ...
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