SERS Board votes to drop Russian investments

BY: - March 4, 2022

(*This story was updated at 2:40 p.m. on Friday, 3/4/22 at 2:40 p.m. to clarify that SERS has no financial exposure to Belarus) Officials at the Pennsylvania State Employees Retirement system voted unanimously to divest assets connected to Russia or Belarus as Russia’s war against Ukraine continues to intensify. The move, which was expected, will […]

Pa. pension employees are taking pricey trips to Beverly Hills. But the costs are hidden. Why?

BY: - December 22, 2019

Pennsylvania pension fund employees annually fly to California to check on investments. But the full cost of those trips are shielded from public view. Why?

What is private equity and why are Pa. lawmakers concerned about the tens of millions of dollars of your money tied up in it?

BY: - December 22, 2019

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?