Pennsylvania

A Pittsburgh grand jury looking into Harrisburg's finances has received a six-month extension to Jan. 31.

Pennsylvania Gov. Tom Wolf is expected to veto a bill that would force new state hires into a 401(k)-style defined contribution plan.

Pennsylvania Gov. Tom Wolf vetoed the $30 billion fiscal 2016 budget lawmakers had passed, saying it ignored such core issues as structural imbalance, school funding and rising property taxes.

Pennsylvania Auditor General Eugene DePasquale called for a series of funding and transparency measures to tackle local pension underfunding.

A 4% tax increase Philadelphia approved to generate $50 million for Philadelphia schools is a credit positive for the struggling district, but not large enough to be a long-term solution, according to Moody's.

Pennsylvania lawmakers over the weekend advanced a $30 billion budget that barring a compromise appears headed for a veto by Gov. Tom Wolf.

Scranton Mayor William Courtright called for the transfer of the city’s teetering pension fund to the Pennsylvania Municipal Retirement System, an independent state agency.

Scranton disregarded pension laws in its payment of double benefits to 35 employees over the last 12 years at a cost of $2.9 million, said Pennsylvania Auditor General Eugene DePasquale.

In a new book on the city’s financial collapse, investigative reporter and author Chris Papst calls Harrisburg, Pa. a crime victim for which justice has yet to materialize.

The inability of the Penn Hills, Pa., School District to obtain full bridge financing it needed for payroll and operating expenses is a credit negative, said Moody’s.

Pennsylvania is but one pension battleground state amid a landscape of insolvency, court actions and settlements.

The Pennsylvania Senate confirmed Gov. Tom Wolf’s confirmation of Robin Wiessmann as secretary of banking and securities.

Passing poor legislation and calling it pension reform will backfire on Pennsylvania if it does not change the underlying actuarial math, an actuary told state lawmakers.

Former Harrisburg, Pa., Mayor Stephen Reed, one day after agents raided his home, told reporters he has Stage 4 prostate cancer.

Pennsylvania's local pension problems extend well beyond poster-child Scranton, said state Auditor General Eugene DePasquale.

Agents representing Pennsylvania’s Attorney General Kathleen Kane’s office raided the Harrisburg home of its former mayor, Stephen Reed.

Newly discovered meeting tapes may shed additional light on Scranton’s 2002 pension incentive, said Pennsylvania Auditor General Eugene DePasquale.

With Pennsylvania’s bond rating at stake, lawmakers and officials this week resume the compelling debate over state and local unfunded pension liabilities.

Pennsylvania Gov. Tom Wolf has named state Auditor General Eugene DePasquale to head a task force on municipal pensions.

State Rep. John McGinnis wants to shorten the Pennsylvania pension amortization period from 30 years to 20.