(Harrisburg) — In one of the state Capitol’s well-trafficked lobby areas, there’s a clock that tracks unfunded pension liabilities. All day and night, that clock ticks upwards, adding billions of dollars to Pennsylvania’s debts every year.
The clock’s overseen by a dedicated group of pension overhaul advocates and on Tuesday, they dragged it up to the Capitol’s main rotunda to make a renewed call to lawmakers: find a way to halt the clock’s rising numbers, once and for all.
The clock currently places the state’s pension debts at more than $74 billion, a higher number than the $62 billion the state Independent Fiscal Office reports.
