Pension travel policy reforms meet pushback from teachers
Teachers sitting on the Pennsylvania’s educator pension board voiced their concerns Thursday with a reform proposed by the state’s Democratic treasurer and a Republican lawmaker. The brief, polite disagreement over how to reform the transparency and approval travel costs at the Public School Employees Retirement System comes in response to undisclosed trip expenses at the […]
Incomplete review by Pa. teachers’ pension fund finds $160k in travel spending
The review was initiated by Pennsylvania Public School Employees Retirement System’s board last March following the Capital-Star’s reporting.
Pensions position, lawmakers prepare as coronavirus economic impact trickles into Pa.
Pennsylvania’s school teacher pension fund made $1 billion off of the coronavirus-induced market shifts last week, as the state’s fiscal watchdog stressed budgetary uncertainty as the virus spreads.
Why Pa.’s public pension funds have millions of dollars of your money tied up in the natural gas industry
According to an annual report released last November by the Pennsylvania School Employees Retirement System, the teachers’ pension fund has $336 million dollars worth of stock invested in the controversial pipeline company. That’s the pensions’ third biggest holding of a single U.S.-based publicly traded asset.
Pa. pension employees are taking pricey trips to Beverly Hills. But the costs are hidden. Why?
Pennsylvania pension fund employees annually fly to California to check on investments. But the full cost of those trips are shielded from public view. Why?