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By 1994, "Pennsylvania's state pension funds [had] the most active program of in-state investments in the country," according to the Richmond Times-Dispatch, which also noted that Pennsylvania's pension system had "committed $259.5 million to venture capital funds that invest in the state or in out-of-state companies that create jobs in ...
In many states, public employee pension plans are known as Public Employee Retirement Systems (PERS). Pension benefits may or may not be changed after an employee is hired, depending on the state and plan, as well as hiring date, years of service, and grandfathering. Retirement age in the public sector is usually lower than in the private sector.
The Pennsylvania Constitution requires the adoption of a budget by midnight June 30 each year, the last day in the fiscal year. [5] [6] There were seven consecutive budget impasses in Pennsylvania between 2003 and 2009, with tensions between Democratic Governor Ed Rendell and the Republican-controlled State Senate delaying the passage of annual budgets. [7]
But employees say that more benefits focused on flexibility and career development will improve their workplace performance. Beware of the benefit trap: Cutting back programs can lead to a drop in ...
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How did markets react? Last month, Wall Street appeared to be anticipating a gradual approach from the Fed, but traders became increasingly optimistic about a 50-point cut in recent weeks.
The Penn Traffic Company was a food service company founded in 1854 in Johnstown, Pennsylvania.. The company eventually evolved into a general merchandise department store. By the early 1960s, it also returned to the food business through the acquisition of Super Value Corporation, which operated the 10-store Riverside supermarket chai
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