Pennsylvania PSERS Ends Contract With Aon, Certifies Decrease in Contribution Rates
Certain public school employees will also benefit from a reduction in the mandatory employee contribution rate to the pension fund.
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Certain public school employees will also benefit from a reduction in the mandatory employee contribution rate to the pension fund.
Aon admitted fault for the 2020 mistakes that led to the resignations of pension fund leaders, and the fund has moved on to new consultant, Verus Investments.
PSERS is trying to sell a $1.4 billion portfolio of real estate that former managers purchased directly for the pension plan, instead of relying on its usual mix of Wall Street real estate investment managers.
The teachers pension board is trying to sell a $1.4 billion portfolio of real estate purchased directly for the pension plan, instead of relying on its usual mix of Wall Street firms.