tag:blogger.com,1999:blog-3398754.post534389034364100958..comments2023-05-03T05:49:09.985-04:00Comments on Brand New World:: Why Nonprofits Must Get Behind Pension Reform....NOWUnknownnoreply@blogger.comBlogger5125tag:blogger.com,1999:blog-3398754.post-70887400495429821432012-07-19T22:44:53.623-04:002012-07-19T22:44:53.623-04:00I was at your seminar over at Centre Link in May. ...I was at your seminar over at Centre Link in May. We used your slides about State of PA finances at our Board/Staff retreat last month and it sparked a lot of discussion. Money from the state is 45% of our budget, so we're worried and trying to plan if it all was cut.Karennoreply@blogger.comtag:blogger.com,1999:blog-3398754.post-75890508198614319632012-07-16T07:24:53.794-04:002012-07-16T07:24:53.794-04:00Yes Anon, that giant sucking sound you hear is pub...Yes Anon, that giant sucking sound you hear is public pensions taking all the money we need to feed the poor, house the homeless, etc. It's not only the big problem of 2012, it's going to be the big problem of 2022, 2027, etcMichaelhttps://www.blogger.com/profile/06452330026472110482noreply@blogger.comtag:blogger.com,1999:blog-3398754.post-33705110495483680442012-07-12T17:31:40.318-04:002012-07-12T17:31:40.318-04:00We were at a PANO event last year when the discuss...We were at a PANO event last year when the discussion turned to the evil that Scott Walker and Tom Corbett were doing. It was then that someone spoke up with the impact of the escalating pension costs and how this mandating deep cuts in the $$$ we get to provide basic human needs. That's when it hit me that the pension crisis is a threat to my careerAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-3398754.post-55280928531967483982012-07-12T13:03:56.123-04:002012-07-12T13:03:56.123-04:00Health care certainly is an issue, since many get ...Health care certainly is an issue, since many get to carry their present plans into retirement (as opposed to moving to Medicare). However, the real problem is overly generous benefits coupled with unrealistic expectations of what the pension funds would return. <br /><br />When I first started writing about the Pension Bomb a decade ago, the numbers were that PA taxpayers would have to cover an additional $3 Billion <i>each year</i>....now that figure is at $6 Billion. Well there's no political will out there for a massive tax increase like that, so instead we'll see continued cuts in service.<br /><br />BTW: Sometimes it appears each day brings new data which suggests the hole is evern deeper than we think.... http://www.publicceo.com/2012/07/moodys-estimate-triples-pension-debt-2-trillion/Michaelhttps://www.blogger.com/profile/06452330026472110482noreply@blogger.comtag:blogger.com,1999:blog-3398754.post-30442163197185574192012-07-11T23:30:27.846-04:002012-07-11T23:30:27.846-04:00Michael,
Is it the increases in the costs of healt...Michael,<br />Is it the increases in the costs of healthcare that are driving the increasing pension costs?<br />Amy WilsonAmy Wilsonnoreply@blogger.com