Pennsylvania school pension system faces federal investigation mcall.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mcall.com Daily Mail and Mail on Sunday newspapers.
Pennsylvania Treasury
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HARRISBURG Pennsylvania’s largest public pension system disclosed Tuesday that it is dealing with a federal investigation, although officials atop the $64 billion Public School Employees’ Retirement System have yet to publicly disclose the nature or scope of the inquiry.
In addition, state Treasurer Stacy Garrity, who is on the pension system’s board, told lawmakers that top PSERS officials have received federal subpoenas.
The disclosures come less than two weeks after the board said in a brief statement that it is investigating a consultant’s calculation about the fund’s investment performance that is apparently wrong, as well as actions by PSERS’ staff and the consultant.
Pennsylvania pension system officials disclose federal probe citizensvoice.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from citizensvoice.com Daily Mail and Mail on Sunday newspapers.
From Hong Kong to Sydney, San Francisco to Zurich, the staff at Pennsylvania’s largest pension fund have run up big travel bills Craig R. McCoy, The Philadelphia Inquirer
To oversee how a massive Pennsylvania pension fund invests its money, an elite band of Harrisburg-based finance experts traverses the globe.
They head to Wall Street, of course, but also to San Francisco and Boston, London and Hong Kong, Paris and Sydney, and Beijing and Bermuda.
Now The Inquirer has learned the cost of these trips by the staff of the $62 billion retirement plan for Pennsylvania teachers and school employees. The bills for some are startling.
Pennsylvania pension system investigating calculation error triblive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from triblive.com Daily Mail and Mail on Sunday newspapers.