There’s no question money is at the heart of the state’s pension problem. But the money problem limiting lawmakers’ debate on reforming the two state pension systems may not be the one you think.  The Public Employee Retirement Commission is out of money. In fact, it has spent $20,000 of its next fiscal year’s appropriation.  So without money, it can’t perform actuarial studies on any more pension reform proposals — including the one crafted by Rep. Glen Grell, R-Hampden Township — until after the July 1 start of the new fiscal year, when lawmakers hope to have put this issue to bed and be heading home for their summer break. Click here for full story.

Source: Pennlive.com, by Jan Murphy, June 10, 2014.