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The Public School Employees’ Retirement System (PSERS) is a pension fund for public school employees in the Commonwealth of Pennsylvania.Eligible members include all full-time public school employees, part-time hourly public school employees who render at least 500 hours of service in the school year, and part-time per diem public school employees who render at least 80 days of service in ...
By 1994, "Pennsylvania's state pension funds [had] the most active program of in-state investments in the country," according to the Richmond Times-Dispatch, which also noted that Pennsylvania's pension system had "committed $259.5 million to venture capital funds that invest in the state or in out-of-state companies that create jobs in ...
Public employee pension plans in the United States. In the United States, public sector pensions are offered at the federal, state, and local levels of government. They are available to most, but not all, public sector employees. These employer contributions to these plans typically vest after some period of time, e.g. 5 years of service.
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By By David DeKok (Reuters) - Pennsylvania Governor Tom Corbett said on Monday that he would not for the moment sign a $29.1 billion budget enacted by the legislature because lawmakers had failed ...
Joe Torsella. Joseph M. Torsella (born October 8, 1963) is an American politician and former diplomat, who served as the Pennsylvania Treasurer from 2017 to 2021. He was the U.S. Representative to the United Nations for Management and Reform (with the rank of ambassador) from 2011 to 2014. [1]
PSERS. Muth made headlines when she sued Pennsylvania’s largest public pension system amid a federal investigation into aspects of the agency’s undertakings, saying agency officials have refused to share documents with her, even though she is a board member.
In 2021, in her ex-officio capacity on the board of the Pennsylvania Public School Employees’ Retirement System, Garrity joined a group of "dissident" board members opposing the contemporary management of the pension fund's investments, arguing instead that the pension fund should invest in low-fee, public investments. After failing to ...