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Amid PSERS troubles, Pa. lawmakers may be ready for pension reform

Amid PSERS troubles, Pa. lawmakers may be ready for pension reform
msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.

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Editorial: Time to rein in PSERS

Editorial: Time to rein in PSERS
timesonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from timesonline.com Daily Mail and Mail on Sunday newspapers.

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Delco teacher files suit against investing consultants to PSERS

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. The complaint says two consultants were “grossly negligent” in their dealings with the $67 . ....

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Delco teacher files suit against investing consultants to PSERS

Delco teacher files suit against investing consultants to PSERS
msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.

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In latest blow, giant pension fund faces possible class-action lawsuit from teachers

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. ....

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