Delco teacher files suit against investing consultants to PSERS Joseph N. DiStefano, The Philadelphia Inquirer © TYGER WILLIAMS / Staff Photograp PSERS executive director Glen Grell listens during a meeting in the main boardroom at the fund s offices in Harrisburg.
Lawyers for a Delaware County public school teacher have filed a lawsuit over problems at Pennsylvania’s largest pension fund, alleging that poor advice from highly paid outside consultants has cost the retirement plan billions and forced 100,000 teachers to pay millions in extra pension contributions.
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The complaint says two consultants were “grossly negligent” in their dealings with the $67 billion PSERS plan but does not identify the fund itself as a defendant. Legal experts say the big retirement plan is generally protected from liability under the state’s Sovereign Immunity Act.
Pa certifies its 2021 primary election results: Here are the final results
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A doctor repeatedly stabbed by a patient has sued Pennsylvania Hospital, alleging abject disregard for safety
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Black Lives Matter movement sparks electoral defeat for FOP
By Betsey Piette posted on May 27, 2021
Protesters call on Krasner to “Free Mumia” in Philadelphia, March 12.
Philadelphia
For decades, the endorsement of the powerful Philadelphia Fraternal Order of Police was sought by almost every candidate running for office in the city and throughout Pennsylvania. Through the power of its purse strings, the FOP has been able to fill the courts with judges who favor capital punishment, high bail and long sentences, even for minor crimes. It could count on politicians to pass “get tough on crime legislation” and to look the other way when victims of police brutality demanded justice.