pennsylvania pension increases
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HowMuchWillPennsylvaniasPublicPensionsCostYourFamilyin2012?
SchoolPropertyTaxIncreaseforPSERS StateTaxIncreaseforPSERS&SERS
Pennsylvanias
statewide
pension
plans
for
public
school
employees,
state
workers,
legislators,
judges
and
other
government
employees
the
PublicSchoolEmployeeRetirementSystem (PSERS) andtheStateEmployeeRetirementSystem(SERS) willrequiresignificantlyhigher
taxpayercontributionsinthe201213fiscalyearandbeyond.
Thefollowingspreadsheetsprovideabreakdownoftheseincreasedpensioncosts,basedonSERSandPSERSlatestprojectionstomakethem
moreunderstandableandtangibleforthetaxpayer.
SERScostsarepaid100%bystatetaxpayersthroughtaxessuchasthepersonalincome,sales,andcorporateincometaxes. PSERS costsaresplit
with
about
54%
paid
by
state
taxpayers
and
46%
paid
by
school
district
taxpayers.
On
average,
school
district
property
taxes fall
69%
on
residential propertyand31% oncommercialpropertytaxpayers.
Forillustrationpurposes,thelocal propertytaxincreaseisrepresentedinaperhomeownerbasistopresenttheimpactofthesecoststoa
community. Thestatecostsarepresentedonaperhouseholdbasis. Althoughtheincreasedcostswillbepaidthroughmyriadtaxesonmyriad
taxpayingentities,itisultimatelyindividualsandfamiliesnotbusinessesorcorporationsthatshouldertheburdenofalltaxes.
Residential $381 PSERS $418
Commercial $171 SERS $390
TOTAL $552 TOTAL $808
Prepared by the Commonwealth Foundation, www.CommonwealthFoundation.org (November 2009)
TotalAverageHomeowner/HouseholdIncreaseCumulativepropertyandstatetaxes,200910to201213
$1,360
Perhomeowneraverage,200910to2001213 Per householdaverage,200910to2001213
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