pension-issues

Torsella back on PSERS board amid internal and external investigations

BY: - April 20, 2021

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.

BY: - March 10, 2020

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.

BY: - March 6, 2020

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

BY: - February 7, 2020

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.

COMMENTARY

What’s behind McConnell’s support for coal miners’ pension bailout? Political self-preservation, most likely | Mark O’Keefe

BY: - November 27, 2019

The Senate's top Republican is up for re-election in 2020 and faces a stiff Democratic challenge.