Tag: Pennsylvania

Risk January 4, 2021

State Treasurers File Shareholder Action over Alleged Gilead Price Gouging

Pennsylvania, Rhode Island call for independent chair at biotech firm after it reportedly priced remdesivir at more than 500 times the cost.

Asset Management Culture June 24, 2020

Low stock valuations and bond yields leave PSERS questioning next moves.

Coronavirus - COVID-19 April 17, 2020

When the crisis abates, the gap between well-funded plans and the others will be even larger.

Asset Management Culture November 13, 2019

State lawmakers aim to narrow a pension funding gap by merging investment activities.

Asset Allocation October 17, 2018

Performance is among the lowest reported by other major public universities so far this year.

News July 24, 2018

Auditor general says the process to replace the investment manager was 'fatally flawed.'

Asset Allocation April 2, 2018

System gains $3.9 billion to reach total assets of $29.3 billion.

Newsmakers December 8, 2017

Board also approves $175 million in new commitments.

Newsmakers September 20, 2017

State treasury holds up $581 million in obligations to PSERS.

Newsmakers August 15, 2017

$178 million reduction in investment fees since 2007 is not enough.

Newsmakers August 11, 2017

Policies lauded for governance, portfolio management.

Newsmakers June 13, 2017

The hybrid pension plan known as Senate Bill 1 was made official, but what does it mean for new and current workers?

Newsmakers June 7, 2017

The state’s 40-9 vote on Senate Bill 1 could move teachers and employees of non-high-risk jobs to a hybrid plan.

Asset Allocation May 2, 2017

Treasurer says the change will save the state $5 million a year in fees.

Asset Allocation April 20, 2017

State treasurer expects the move to save the state about $5 million a year in fees paid to managers.