A growing band of board dissidents says leaders of the state's education pension fund must leave immediately to fix “an irrevocable loss of trust and confidence that is a consequence of persistent underperformance."
A growing band of board dissidents says PSERS leaders must leave immediately to fix “an irrevocable loss of trust and confidence that is a consequence of persistent underperformance."
Six trustees for Pennsylvania’s largest pension fund have called for the full 15-member board to vote Friday to fire the $64 billion chief executive and top investment officer, as the fund grapples with an FBI investigation and management mistakes.On Thursday morning, the dissidents delivered a detailed letter sharply criticizing the leadership of PSERS executive director Glen Grell and .
HARRISBURG — A Pennsylvania state senator is suing Pennsylvania’s largest public pension system amid a federal investigation into aspects of the agency’s undertakings, saying agency officials have refused to share documents with her, even though she is a board member. The effort by state Sen. Katie Muth, D-Montgomery, is being
Spotlight PA is an independent, nonpartisan newsroom powered by The Philadelphia Inquirer in partnership with PennLive/The Patriot-News, TribLIVE/Pittsburgh Tribune-Review, and WITF Public Media. Sign up for our free newsletters. After Pennsylvania’s biggest pension plan botched a crucial financial calculation, the FBI launched an investigation, the fund’s board began its own