Pa. teachers to pay more in retirement contributions as pension fund backtracks on faulty investment data
That would average out to $180 extra dollars out of each teacher's paycheck, but the exact amount will depend on each teacher’s salary, which can vary widely between school districts.
Garrity backs Torsella to boost oversight on teachers’ pension fund amid internal investigation
Gov. Tom Wolf nominated Torsella for the role in February. His return would bring back a once lone contrarian voice to a board with a growing anti-establishment faction.
Perry, DePasquale engage in brisk debate on pandemic, policing
Republican U.S. Rep. Scott Perry and Democratic Auditor General Eugene DePasquale dodged and weaved through a fast moving hour-long debate Thursday night.
Teachers’ pension fund adopts new, more transparent travel policy after revelations of hidden L.A. trip costs
The policy was introduced and adopted in response to the Capital-Star’s reporting on unaccounted for travel expenses by pension fund employees.
At Harrisburg pensions panel, private equity firms pitch their soundness as investments
Thursday’s panel featured four private equity executives from firms that PSERS is currently invested in, including two firms based in Pennsylvania. The panelists explained the industry, answered audience questions, and addressed criticism that the industry is too opaque or that its profits come at the expense of workers.
GOP Rep. Mark Keller to retire, brings 2020 retirement total to eight
Keller, who’s represented the Perry County-based 86th District since 2006, is the eighth state lawmaker, to announce their retirement this winter.
What is private equity and why are Pa. lawmakers concerned about the tens of millions of dollars of your money tied up in it?
What does a private equity firm do? And why has its work, which attracts rich individuals and well-endowed institutions, become a source of controversy?
Should parents be allowed to raid retirement funds to pay for their kids’ needs today?
At the state and federal level, politicians who want to address pressing issues without spending public dollars are looking to let individuals mortgage part of their own future for the good of their kids. One of Pennsylvania’s few remaining moderate southeast Republicans and an arch-conservative former U.S. senator are both pushing plans that would let […]