Scranton’s pension system is on a path to running out of funds in three to five years, according to an audit performed by the office of Auditor General Eugene DePasquale.
“It is not news that Scranton’s municipal pension funds are in severe distress,” DePasquale said in a statement. “However, the fact that the funds may be exhausted in fewer than five years and may not be able to pay police and firefighters the retirement benefits they have worked so hard for should be a wake-up call for action.”
