Trib editorial: More reform needed to curb outrageous state-pension payouts

TribLIVE.com | 12/4/2017 | Tribune-Review
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Despite facing a shortfall of about $70 billion, Pennsylvania's public-pension systems lavishly enrich a few former state employees while most get far more modest payouts. Consider some pension-data findings from The Philadelphia Inquirer and Philadelphia Daily News.

The average 2016 payout to Pennsylvania's 127,000-plus former employees or their beneficiaries was $27,722. But “a separate class of Keystone State pensioners” get “checks that alone put them among the top tier of all income earners” nationwide: Twenty collect more than $215,000 annually, while 500-plus collect $100,000 or more.

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