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It’s hard to believe, but it may finally be time to say something positive about Philadelphia’s much-maligned Board of Pensions. They’re the geniuses that gave […]
Declining circulation. Evaporating print revenue. Meager digital ad monetization. Yes, times are tough these days in the newspaper business. Further complicating matters for Philadelphia Media […]
Allan Domb wants to drop DROP — for new non-union employees, at least. The at-large City Councilman is introducing legislation on Thursday that would curtail the […]
He was the only son of the Big Bambino, but even that couldn’t save him from the political firestorm over DROP. Seven years ago, Frank […]
chutz-pah \ˈhu̇t-spə, ˈḵu̇t-, -(ˌ)spä\ n 1 : personal confidence or courage that allows someone to do or say things that may seem shocking to others […]
Auditor General Eugene DePasquale released his annual compliance audit of Philadelphia’s city pension fund today, and it has some grim news: The city’s funding ratio—the […]
A Commonwealth Court panel ruled unanimously today that Jerry Sandusky is still entitled to his state pension despite being convicted of sexually abusing 10 boys. […]
Philadelphians have a giant crush on Philly, according to poll results released last week by the Pew Charitable Trusts. Forty-eight percent of residents surveyed believe the city […]
New Jersey and Pennsylvania have America’s most-underfunded public employee pension systems, says a new report from the National Association of State Retirement Administrators. In fact, […]
A stark reminder of the seriousness of the “pension crisis” you hear about so often: A new report says that Philadelphia is $5.3 billion behind […]
Chris Christie might be great at yelling at teachers, but you might not want to take financial advice from him.