ஹாரிஸ்பர்க் தேசபக்தர் செய்தி News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Stay updated with breaking news from ஹாரிஸ்பர்க் தேசபக்தர் செய்தி. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.

Top News In ஹாரிஸ்பர்க் தேசபக்தர் செய்தி Today - Breaking & Trending Today

Facing FBI Probe, PSERS Backtracks On Disclosure That Staffers Were On Both Sides Of Real Estate Dealings


Handout
Under FBI investigation, Pennsylvania s $64 billion public school pension fund sought to backtrack on previous disclosures that staffers were working on both sides of real estate dealings.
Amid an FBI investigation, the mammoth PSERS pension plan has disavowed as poorly worded an official disclosure form that said its top investment staff was also being paid by a firm hired to manage its real estate in Harrisburg.
The fund said that in fact no one on its staff had received any “additional compensation” even though the forms said they were paid employees of both the retirement plan and the realty firm. The $64 billion fund said it has filed replacement disclosures with the IRS “correcting this error.” ....

United States , San Antonio , Pennsylvania School , Jamesh Grossman Jr , Charles Spiller , Eric Kunkle , David Dyson , Morgan Lewis , Terry Mutchler , Katie Muth , Charles Elson , William Stalter , Harrisburg University Of Science , Commonwealth Court , University Of Delaware , Vproperty Management Inc , Pennsylvania School Employee Retirement System , Dmarket Inc , Harrisburg Patriot News , Market Street , Pennsylvania School Employee Retirement , Harrisburg University , ஒன்றுபட்டது மாநிலங்களில் , சான் அன்டோனியோ , பென்சில்வேனியா பள்ளி , சார்லஸ் ஸ்பில்லர் ,

PSERS backtracks on staff disclosure amid FBI probe


WHYY
By
Angela Couloumbis, Spotlight PA ; Craig R. McCoy and Joseph N. DiStefano, The Philadelphia InquirerJune 9, 2021
Under FBI investigation, Pennsylvania’s $64 billion public school pension fund sought to backtrack on previous disclosures that staffers were working on both sides of real estate dealings.
This story originally appeared on Spotlight PA.
Amid an FBI investigation, the mammoth PSERS pension plan has disavowed as poorly worded an official disclosure form that said its top investment staff was also being paid by a firm hired to manage its real estate in Harrisburg.
The fund said that in fact no one on its staff had received any “additional compensation” even though the forms said they were paid employees of both the retirement plan and the realty firm. The $64 billion fund said it has filed replacement disclosures with the IRS “correcting this error.” ....

United States , Jamesh Grossman Jr , Charles Spiller , Eric Kunkle , David Dyson , William Stalter , Vproperty Management Inc , Pennsylvania School Employee Retirement System , Dmarket Inc , Harrisburg Patriot News , Market Street , Pennsylvania School Employee Retirement , ஒன்றுபட்டது மாநிலங்களில் , சார்லஸ் ஸ்பில்லர் , டேவிட் டைசன் , ப்ராபர்டீ மேலாண்மை இன்க் , பென்சில்வேனியா பள்ளி ஊழியர் ஓய்வு அமைப்பு , சந்தை இன்க் , ஹாரிஸ்பர்க் தேசபக்தர் செய்தி , சந்தை தெரு ,

PA teachers pension system embroiled in controversy. What to know.


Pennsylvania State Capital Bureau
Pennsylvania’s Public School Employees’ Retirement System has been embroiled in controversy, and a miscalculation could have thousands of members in the system start to contribute more to their retirement funds in July.  
Here s an explanation of what happened and what it means: 
What’s PSERS? 
PSERS has more than 500,000 members, about half of them teachers, and should not be confused with SERS, which is the State Employees Retirement System that has far fewer retirees.  
Currently, PSERS is valued at about $64 billion. 
A 15-member board oversees PSERS.
Board members include the state secretaries of banking and securities, and education; the treasurer; an appointee of the governor (currently vacant); five retired or working system members; two school board representatives; two state House members, one from each party; and two state Senate members, one from each party.   ....

Lehigh County , United States , Lebanon County , Chris Lilienthal , Frank Ryan , Pat Browne , Senate Appropriations Committee , Pennsylvania Public School Employee Retirement System , Associated Press , Pennsylvania State Education Association , Audit Committee , Pennsylvania Housing Finance Agency , Financial Advisors , Public School Employee Retirement System , State Employee Retirement System , R Lehigh County , Philadelphia Inquirer , Verus Investments , R Lebanon County , Harrisburg Patriot News , Pennsylvania Housing Finance , ஒன்றுபட்டது மாநிலங்களில் , கிறிஸ் லிலிஎந்தல் , வெளிப்படையான ரியான் , பேட் பிரவுன் , பென்சில்வேனியா பொது பள்ளி ஊழியர் ஓய்வு அமைப்பு ,