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Pennsylvania school pension fund leaders seek to gag board members

Pennsylvania school pension fund leaders seek to gag board members
mcall.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mcall.com Daily Mail and Mail on Sunday newspapers.

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Pa. school pension fund leaders seek to gag board members over leaks to media

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. HARRISBURG — Upset at leaks about a federal investigation of the PSERS pension fund, leaders of the beleaguered plan’s board have ....

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PSERS board freezes private investments, but move to oust bosses fizzles

PSERS board freezes private investments, but move to oust bosses fizzles
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PSERS fund dissidents, short of votes, pull back on move to oust top staff

HARRISBURG Lacking a board majority, six dissident members of the PSERS pension fund backed away Friday from their push to fire the plan’s top two leaders. But they helped derail a proposal to pump another $1 billion into so-called alternative investments the kind of investment the critics say has generated only high fees and lackluster results.In a rare public boardroom rebellion . ....

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Dissidents back off on efforts to oust top PSERS leaders; board tables vote on controversial new investments

What you need to knowThe $64 billion Public School Employees’ Retirement System (PSERS), one of the nation’s largest pension funds, is embroiled in scandal and has become the target of an FBI investigation.On Thursday, a dissident group of board members called for the firing of the fund’s chief executive and top investment officer, but didn’t yet have enough votes.Amid the rebellion, PSERS . ....

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