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Sat Apr 13, 2013, 04:29 PM

Furloughing the teachers has paid off for Cor-butt.

State surplus may provide temporary relief for Pa. pension problems
About The Tribune-Review


By The Associated Press

Published: Friday, April 12, 2013, 8:57 p.m.

HARRISBURG Smaller-than-expected payrolls for many school districts have left a surplus of state funds that could help ease Pennsylvania's public pension problems and also undercut legislative support in the first test of Gov. Tom Corbett's pension-reform agenda.

The state reimburses school districts for an average of 56 percent of their payrolls. If payrolls shrink, so do the payments.

In the year that ended June 30, $69 million of the state appropriation for school districts had not been spent. That money was earmarked for pension reimbursements, and the trend of shrinking payrolls appears to be continuing this year, according to the Public School Employees' Retirement System, the statewide school employee pension fund.

So lawmakers could have an extra $140 million to spend as they scrutinize competing demands for scarce dollars in the state budget for the year that starts July 1, rough estimates by PSERS indicated. System officials cautioned Thursday that the amount of any surplus this year could vary according to payroll growth during the next three months.

Read more: http://triblive.com/state/pennsylvania/3832286-74/pension-state-surplus?printerfriendly=true#ixzz2QNgiOBgN


(I added bold.)

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Reply Furloughing the teachers has paid off for Cor-butt. (Original post)
femmocrat Apr 2013 OP
Curmudgeoness Apr 2013 #1
femmocrat Apr 2013 #2
Curmudgeoness Apr 2013 #3

Response to femmocrat (Original post)

Sat Apr 13, 2013, 04:48 PM

1. We will see how much it pays off for him

when he becomes a one-term governor by a landslide. If he gets his ass kicked badly enough, his political career will be over....good riddance.

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Response to Curmudgeoness (Reply #1)

Sat Apr 13, 2013, 04:54 PM

2. Agree!

You know he will be bragging about his "surplus" though. Yeah, achieved on the backs of educators and students.

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Response to femmocrat (Reply #2)

Sat Apr 13, 2013, 05:06 PM

3. And our job will be to let everyone know how he got the surplus.

He is trying to destroy our public schools, cutbacks all over, higher class sizes, doing away with many classes (even phys ed in some cases at a time when we are concerned about obesity), different standards for his precious private charter and cyber schools.

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