Pension solution for city remains elusive

Pittsburgh Post-Gazette February 13, 2011 The city of Pittsburgh spends nearly $3 million a year managing its pension benefits and investing its retirement pool — a figure that has remained steady even as Mayor Luke Ravenstahl’s administration has pursued a slew of so-far-failed plans to plug a huge funding gap.

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Pittsburgh Plays Pension Defense

Wall Street Journal February 5, 2011 PITTSBURGH—The hometown Steelers got to the Super Bowl with a disciplined defense and flexible offense. The city fathers, on the other hand, will need a Hail Mary pass to salvage Pittsburgh’s pension system.

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