Psers controversy
WebPSERS is often confused with a smaller sister fund with a similar name, SERS — the $35 billion State Employment Retirement System for 133,000 retired state government workers. SERS has posted... WebFeb 1, 2024 · PSERS responded at the time that the forms were poorly written, inaccurate, and would be amended. The Womble report makes no mention of the documents. The federal probes have caused a series of headaches for a volunteer, 15-member PSERs board wracked by dissension for much of last year.
Psers controversy
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WebFeb 2, 2024 · The report was silent about what had been, to date, the most controversial aspect of those purchases. As The Inquirer and Spotlight PA reported a year ago, financial documents drafted as part of the sales said that PSERS staffers would also be paid by the firm hired to manage the properties — a clear conflict of interest, if true. WebJun 29, 2024 · Earlier this month, the forensic investigation of the $90 billion-plus State Teachers Retirement System of Ohio commissioned by the Ohio Retired Teachers …
WebMay 11, 2024 · When people have challenged the Pennsylvania fund’s strategy, officials said it was paying off — until March, when the fund suddenly disclosed that it had overstated … WebAug 2, 2024 · Now, after months of controversy at PSERS, the union’s posture is facing perhaps its most serious challenge. Its far smaller if more militant rival, the 36,000-member American Federation of...
WebApr 11, 2024 · PSERS is an acronym for the state’s Public School Employees’ Retirement System. It is among the largest 25 pension funds in the nation, ranked by assets. The plan … WebAug 2, 2024 · PSERS has been embroiled in controversy since March 2024 due to internal and federal investigations. The fund hired law firms to look into a misstatement of its nine …
WebOct 22, 2024 · The $73 billion PSERS fund won a ruling keeping secret much of its dealings with three consultants who were brought in to probe a key figure for investment profits. …
WebDec 1, 2024 · The $67 billion Pennsylvania Public School Employees’ Retirement System has announced the upcoming retirements of both Executive Director Glen Grell and CIO James … gaines homes for salegaines hotel waco txWebAug 2, 2024 · The PSERS spokesperson said the fund would have no further comment because of an ongoing U.S. Securities and Exchange Commission investigation. That investigation focuses on whether fund managers unlawfully provided gifts or paid for travel for PSERS staff. The fund has been beset by controversy in the last two years. black architect firmsWebNov 18, 2024 · In December, PSERS’ board of trustees had been told by its general investment consultant and another firm that its nine-year performance figure was 6.38%, … black architect in atlantaWebFeb 11, 2024 · The report was silent about what had been, to date, the most controversial aspect of those purchases. As The Inquirer and Spotlight PA reported a year ago, financial documents drafted as part of the sales said that PSERS staffers would also be paid by the firm hired to manage the properties — a clear conflict of interest, if true. black architect chicagoWebOct 22, 2024 · PSERS did not immediately respond Thursday when asked about the affidavit. ... In Kentucky, where fees charged by Wall Street managers have become so controversial that state officials have sued firms demanding refunds, “the mere fact that an investigation is ongoing, open, active, or whatever is not a sufficient basis to deny” a request ... black architect housesWebAnnual pensions range from a low of 12 cents to a high of $228,168 – the latter paid to former Abington School District Superintendent Amy Sichel, who retired in 2024 after 42 years of service. The Pennsylvania Public School Employees Retirement System, or PSERS, carries a $45.5 billion unfunded liability. The issue trickles down to the state ... gaines house