Page 2 - பென்சில்வேனியா பொது பள்ளி ஊழியர்கள் ஓய்வு அமைப்பு News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Thousands of Pennsylvania teachers will have to pay more in contributions starting in July. Thousands of Pennsylvania teachers will have to pay more in contribution rates beginning in July after the board of the $62 billion Pennsylvania Public School Employees’ Retirement System (PSERS) voted Monday to recertify the employee contribution rates it originally approved at its December meeting. At that December meeting, the board’s general investment consultant and another firm said the retirement system’s nine-year performance figure was 6.38%, which was just above the 6.36% threshold that, under state law, triggers additional contributions. However, during a meeting in March, management informed the board of errors in the data used to perform the calculation that were found by its investment consultant. As a result, the board ordered a review of all performance data to identify any additional errors.

United statesPennsylvania public school employee retirement systemPennsylvania public school employees retirement systemEastern districtPennsylvania public school employees 039 retirement systemReporting errorMployee contribution ratesஒன்றுபட்டது மாநிலங்களில்பென்சில்வேனியா பொது பள்ளி ஊழியர் ஓய்வு அமைப்புபென்சில்வேனியா பொது பள்ளி ஊழியர்கள் ஓய்வு அமைப்புகிழக்கு மாவட்டம்