Page 9 - பென்சில்வேனியா பொது பள்ளி ஊழியர் ஓய்வு அமைப்பு News Today : Breaking News, Live Updates & Top Stories | Vimarsana

FBI Investigates Largest Pennsylvania Pension Fund s Real Estate Buys Near HQ

FBI Investigates Largest Pennsylvania Pension Fund s Real Estate Buys Near HQ The Pennsylvania Public School Employees Retirement System headquarters building in Harrisburg, Pennsylvania Real estate is a common investment for sources of institutional capital like pension funds, but one such fund s real estate deals raised the suspicion of federal investigators. The FBI is investigating a series of purchases by the Pennsylvania Public School Employees Retirement System, the largest pension fund in the state, the Philadelphia Inquirer reports. PSERS has spent $13.5M on real estate in the immediate vicinity of its Harrisburg headquarters in the past few years through direct investment, breaking from its traditional strategy of investing indirectly through managed funds.

United statesGlen grellPennsylvania public school employee retirement systemPhiladelphia inquirerExecutive director glen grellஒன்றுபட்டது மாநிலங்களில்க்ளென் கிரெல்பென்சில்வேனியா பொது பள்ளி ஊழியர் ஓய்வு அமைப்புபிலடெல்பியா விசாரிப்பவர்நிர்வாகி இயக்குனர் க்ளென் கிரெல்

PSERS and its troubles - A guide to the woes facing Pa s biggest pension plan

PSERS and its troubles - A guide to the woes facing Pa.’s biggest pension plan Joseph N. DiStefano, Craig R. McCoy, The Philadelphia Inquirer For the last month, the state’s largest pension fund has been embroiled in a scandal of its own making. Popular Searches The fund’s board admitted on March 12 that it had made a potentially costly mistake, endorsing an inflated figure for its return on investments, an error that could affect future funding for one of the state’s most expensive programs. The plan oversees the pensions for around 250,000 retired teachers and other local school workers, and an equal number of working educators who pay into it. It has been underfunded since state leaders in the early 2000s boosted benefits without putting aside money to pay for them, leaving a deficit that has grown to more than $40 billion, despite growing public subsidies. PSERS managers have invested aggressively to fill the gap; poor results have sparked increasing

New yorkUnited statesCity ofUnited kingdomTom wolfMorgan lewis bockiusEd rendellChris santa mariaJames grossmanStacy garrityJoe torsellaFrank ryanTom ridgeBuck globalPillsbury winthrop shaw pittmanPennsylvania public school employee retirement system

PennPSERS subject of probe into fiscal-year return data

PennPSERS subject of probe into fiscal-year return data Pennsylvania State Capitol, Harrisburg A federal investigation has been launched into the Harrisburg-based Pennsylvania Public School Employees Retirement System after the board discovered an error in its reported investment performance figures. The $64.2 billion PennPSERS board issued a statement Thursday that it has been served with a grand jury subpoena for documents and is cooperating fully with the request by the U.S. Attorney s Office in the Eastern District of Pennsylvania. The fund has retained the law firm of Pillsbury Winthrop Shaw Pittman to represent the board during this investigation. PennPSERS is confident that if any issues are identified that require correction, they will be resolved, and appropriate action will be taken, the statement added.

United statesPillsbury winthrop shaw pittmanMorgan lewisPennsylvania public school employee retirement systemUs attorney officeEastern districtWomble bond dickinsonஒன்றுபட்டது மாநிலங்களில்மாத்திரைகள் வின்ட்ரோப் ஷா பிட்மேன்மோர்கன் லெவிஸ்பென்சில்வேனியா பொது பள்ளி ஊழியர் ஓய்வு அமைப்புஎங்களுக்கு வழக்கறிஞர் அலுவலகம்கிழக்கு மாவட்டம்குமிழ் பத்திரம் டிக்கின்சன்

Pennsylvania PSERS Hires Law Firm Amid Federal Probe

Pennsylvania PSERS Hires Law Firm Amid Federal Probe
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United statesPillsbury winthrop shaw pittmanChris santa mariaMorgan lewisPennsylvania public school employee retirement systemAon investmentsHamilton laneWomble bond dickinsonஒன்றுபட்டது மாநிலங்களில்மாத்திரைகள் வின்ட்ரோப் ஷா பிட்மேன்கிறிஸ் சாந்தா மரியாமோர்கன் லெவிஸ்பென்சில்வேனியா பொது பள்ளி ஊழியர் ஓய்வு அமைப்புஏயான் முதலீடுகள்ஹாமில்டன் சந்துகுமிழ் பத்திரம் டிக்கின்சன்

Pennsylvania s $64 Billion School Pension Faces Federal Probe

Pennsylvania s $64 Billion School Pension Faces Federal Probe
yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.

United statesPillsbury winthrop shaw pittmanStacy garrityBevelyn williamsPennsylvania public school employee retirement systemPennsylvania treasurer stacy garrityஒன்றுபட்டது மாநிலங்களில்மாத்திரைகள் வின்ட்ரோப் ஷா பிட்மேன்நிலைத்தன்மை ஆடைஈவ்லின் வில்லியம்ஸ்பென்சில்வேனியா பொது பள்ளி ஊழியர் ஓய்வு அமைப்புபென்சில்வேனியா பொருளாளர் நிலைத்தன்மை ஆடை