The board of another big public pension system in Pennsylvania voted Friday to sell off its Russia-related investments, amid bipartisan calls from lawmakers and top state officials to respond to Russia’s attack on Ukraine.
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If the increases take effect, contribution rates would rise starting next July 1 for about 94,000 public school employees, all hired in 2011 or after.
The system has not publicly disclosed how broad the federal investigation is and what it involves.
The board of Pennsylvania’s largest public pension system, the Public School Employees’ Retirement System, said it is investigating a consultant’s calculation about the fund’s investment performance last year that is apparently wrong.