PA Auditor General Calls for Further Fee Cuts at SERS
$178 million reduction in investment fees since 2007 is not enough.
$178 million reduction in investment fees since 2007 is not enough.
Policies lauded for governance, portfolio management.
The hybrid pension plan known as Senate Bill 1 was made official, but what does it mean for new and current workers?
The state’s 40-9 vote on Senate Bill 1 could move teachers and employees of non-high-risk jobs to a hybrid plan.
Treasurer says the change will save the state $5 million a year in fees.
State treasurer expects the move to save the state about $5 million a year in fees paid to managers.