Pension Meeting Recap

A House hearing Tuesday brought together experts from academia, actuarial firms, public sector employee unions, and pension management firms to discuss what needs to be done to fix the Commonwealth’s looming—if not present—pension problem.

While all the different testifiers brought their unique perspectives to the issue—especially as to whether a change in pension benefit plan design is needed—one common thread was found among all who spoke on the issue: the Commonwealth’s unfunded pension liability will not disappear without more money being thrown at the problem.