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Delco teacher files suit against investing consultants to PSERS Joseph N. DiStefano, The Philadelphia Inquirer © TYGER WILLIAMS / Staff Photograp PSERS executive director Glen Grell listens during a meeting in the main boardroom at the fund s offices in Harrisburg. Lawyers for a Delaware County public school teacher have filed a lawsuit over problems at Pennsylvania’s largest pension fund, alleging that poor advice from highly paid outside consultants has cost the retirement plan billions and forced 100,000 teachers to pay millions in extra pension contributions. Popular Searches The complaint says two consultants were “grossly negligent” in their dealings with the $67 billion PSERS plan but does not identify the fund itself as a defendant. Legal experts say the big retirement plan is generally protected from liability under the state’s Sovereign Immunity Act.

United statesDelaware countyBala cynwydWilliam sullivanPillsbury winthrop shaw pittmanGregoryb hellerMorgan lewis bockiusMorgan lewisKate mcgannGerald manteseKevin steinkeGlen grellPaul druckerDavid zane memengerAdvisors incPhiladelphia common pleas court