Study: States that limit business with banks that ‘boycott’ fossil fuels could pay high cost
Republican state policymakers’ efforts to boost fossil fuels by prohibiting their governments from doing business with companies that take sustainability into consideration has the potential to cost states millions, according to a study released Thursday. Researchers looked specifically at the possible effects on Florida, Kentucky, Louisiana, Missouri, Oklahoma and West Virginia if they passed Texas-like […]
Torsella back on PSERS board amid internal and external investigations
In a unanimous vote, the Pennsylvania state Senate voted to send former state Treasurer Joe Torsella back to the state’s teachers pension board. He’ll now rejoin the 15-member board that oversees Pennsylvania’s Public School Employees Retirement System, which manages $64 billion in investments to make current and future retirement payments to more than 600,000 teachers, janitors, […]
Pensions position, lawmakers prepare as coronavirus economic impact trickles into Pa.
Pennsylvania’s school teacher pension fund made $1 billion off of the coronavirus-induced market shifts last week, as the state’s fiscal watchdog stressed budgetary uncertainty as the virus spreads.
Capital-Star’s reporting prompts Pa.’s teacher pension fund to audit travel expenses to L.A.
Pennsylvania’s largest pension fund is auditing its travel expenses after reporting by the Capital-Star revealed opaque expense records for cross-country travel.
Why Pa.’s public pension funds have millions of dollars of your money tied up in the natural gas industry
According to an annual report released last November by the Pennsylvania School Employees Retirement System, the teachers’ pension fund has $336 million dollars worth of stock invested in the controversial pipeline company. That’s the pensions’ third biggest holding of a single U.S.-based publicly traded asset.
What’s behind McConnell’s support for coal miners’ pension bailout? Political self-preservation, most likely | Mark O’Keefe
The Senate's top Republican is up for re-election in 2020 and faces a stiff Democratic challenge.