DeFoor: Pennsylvania Municipalities Must Not Use Pandemic Relief Funds to Address Pension Fund Shortfalls

By Kim Jarrett (The Center Square) – More than 60 Pennsylvania municipalities have pension plans that are moderately or severely underfunded, but Auditor General Timothy DeFoor has a warning for local officials eying relief money as a solution – funds from American Rescue Plan cannot be used to make up the shortfall. “Pennsylvania did not … Continue reading DeFoor: Pennsylvania Municipalities Must Not Use Pandemic Relief Funds to Address Pension Fund Shortfalls