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Pa Senate Democrats Call on Republican Colleagues to Take Action on Government Transparency and Accountability Measures

Pa Senate Democrats Call on Republican Colleagues to Take Action on Government Transparency and Accountability Measures
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Six Pennsylvania PSERS Trustees Seek Termination of Executive Director, CIO

Pension system sued over access to documents amid probe

By MARC LEVY Associated Press HARRISBURG, Pa. (AP) — 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 opposed by executives at the $64 billion Public School Employees’ Retirement System, but found support from state Treasurer Stacy Garrity and former Treasurer Joe Torsella, both fellow board members. “Withholding important documents from a trustee is outrageous,” Garrity said in a statement Wednesday. Much of what Muth has requested are either documents previously provided to board members or documents that are public records, Garrity said.

In a revolt, dissidents on PSERS board lobby colleagues to fire the fund s leaders and set a new investment strategy

A dissident group of trustees for Pennsylvania’s largest pension fund on Wednesday was seeking to gain majority support to fire the retirement plan’s chief executive and top investment officer, as the fund grapples with an FBI investigation and management mistakes.The dissidents have drafted and are circulating a detailed seven-page letter castigating the investment strategy and governance of .

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