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Pa. budget includes historic funding increases for education, but falls far short of governor's proposal

Pa. budget includes historic funding increases for education, but falls far short of governor's proposal
berksmontnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from berksmontnews.com Daily Mail and Mail on Sunday newspapers.

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PSERS's pension reversal has former allies questioning its strategy

PSERS’s pension reversal has former allies questioning its strategy
Joseph N. DiStefano, The Philadelphia Inquirer
On Monday, when the state’s largest pension fund voted to charge school employees more for their retirement, the fund was compelled to do so because it had missed its 10-year investment goal by the narrowest of margins: two 100ths of a point.
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Had the fund invested more in stocks as it used to, it would have made up its shortfall and prevented the extra charges, records show. Instead, the $64 billion fund invested in high-cost private equity and alternative investments that drove down PSERS’s performance numbers, triggering a need to require more contributions from recently hired school employees. ....

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School employees, Pa. officials question state's largest pension fund over charges, investments

School employees, Pa. officials question state’s largest pension fund over charges, investments
Updated 10:42 AM;
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By Joseph N. DiStefano, The Philadelphia Inquirer (TNS)
On Monday, when the state’s largest pension fund voted to charge school employees more for their retirements, the fund was compelled to do so because it had missed its 10-year investment goal by the narrowest of margins: 2/100ths of a point.
Had the fund invested more in stocks as it used to, it would have made up its shortfall and prevented the extra charges, records show. Instead, the $64 billion fund invested in high-cost private equity and alternative investments that drove down PSERS’s performance numbers, triggering a need to require more contributions from recently hired school employees. ....

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PSERS's pension reversal has former allies questioning its strategy

PSERS's pension reversal has former allies questioning its strategy
msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.

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Expose at Pennsylvania's Biggest Public Pension Fund Reveals Lavish Private Equity Travel, But Misses How It Serves as a Bribe

Expose at Pennsylvania's Biggest Public Pension Fund Reveals Lavish Private Equity Travel, But Misses How It Serves as a Bribe
nakedcapitalism.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nakedcapitalism.com Daily Mail and Mail on Sunday newspapers.

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