Newsmakers
PSERS Internal Investigation Into Miscalculated Returns Released
Critical pieces of information still remain missing.
Tag: Pennsylvania
Newsmakers
PSERS Delays Turning Over Investigation Results
Board members were warned that the results of the report could be damaging to their reputations, according to the Philadelphia Inquirer.
Newsmakers
This Local Pennsylvania Police Pension Fund Is About to Run Out of Benefits. How Did That Happen?
The pension board is accused of opening the doors for pension spiking.
Newsmakers
Penn SERS Changes Its Travel Rules to Prevent Excessive Spending by Staff
Ambiguities in travel policies have caused issues at other Pennsylvania funds.
Risk
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
Pennsylvania Fund Debates How Best to Invest in Today’s Environment
Low stock valuations and bond yields leave PSERS questioning next moves.
Coronavirus - COVID-19
Haves and Have Nots: Virus Effect Will Widen the Public Pension Divide
When the crisis abates, the gap between well-funded plans and the others will be even larger.
Asset Management Culture
Pennsylvania Inches Closer to Forming a New $83 Billion State Investment Office
State lawmakers aim to narrow a pension funding gap by merging investment activities.
Asset Allocation
Penn State Endowment Returns 7.8% in 2018
Performance is among the lowest reported by other major public universities so far this year.
Pennsylvania Withholds City’s Aid over Investment Firm Hiring
Auditor general says the process to replace the investment manager was 'fatally flawed.'
Pennsylvania SERS Returns 15.1% in 2017
System gains $3.9 billion to reach total assets of $29.3 billion.
Newsmakers
Pennsylvania Pension Returns 3.7% in Q3
Board also approves $175 million in new commitments.
Newsmakers
Pennsylvania Delays Pension Payments
State treasury holds up $581 million in obligations to PSERS.
PA Auditor General Calls for Further Fee Cuts at SERS
$178 million reduction in investment fees since 2007 is not enough.
PA SERS Praised by Dept. of Auditor General After Year-Long Investigation
Policies lauded for governance, portfolio management.