Jun 18, 2026Strategic plan
Allegheny County Employee Retirement System Pension Funding Modernization Recommendations
The document presents final recommendations to address the $1.4 billion unfunded liability of the Allegheny County Employee Retirement System. It outlines key findings, guiding principles, and options for revenue, plan design, investments, and transparency. The core recommendation emphasizes committing to an actuarially determined contribution (ADC) of $140-$150 million annually for 20 years, necessitating new revenue sources. Other strategic areas include strengthening investment management, improving risk-sharing, reducing employer costs, and modernizing benefits while maintaining employee retirement security.