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July 27, 2023 | 9:32 AM

Many Pennsylvania state retirees say they can’t afford inflation on their stagnant pensions

Nearly 69,000 former public school and state workers retired before Pennsylvania boosted pension payments two decades ago. Some lawmakers now want to give them an increase.
By DaniRae Renno for Spotlight PA
March 4, 2022 | 5:17 AM

Pennsylvania school pension fund to divest Russian assets

The vote targets what it says are almost $300 million directly invested in Russia and Belarus.

By The Associated Press
March 1, 2022 | 3:41 PM

Pennsylvania school pension board to discuss Russian assets

The Pennsylvania school pension board to discuss divesting Russian assets.

By The Associated Press

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Updated: 2022-02-11 10:00:00

Big PSERS report gives new details on top staff’s actions

The omitted information set the stage for the board to vote to certify an incorrect and exaggerated sum for its investment performance.

By Joseph N. DiStefano, Craig R. McCoy and Angela Couloumbis of Spotlight PA
February 1, 2022 | 5:44 PM

Report flags consultant error in Pennsylvania pension data

A report commissioned by the board of Pennsylvania’s largest public pension system shows that a consultant took responsibility for an errant calculation about the fund’s investment performance.

By The Associated Press
January 31, 2022 | 2:45 PM

Key consultant refused to cooperate with probe into Pa.’s $73 billion school pension, sources say

An internal review into PSERS’ exaggerated profit figure was presented to board members Monday, but it’s unclear if and when the public will learn the results.

By Angela Couloumbis of Spotlight PA, Joseph N. DiStefano of The Inquirer and Craig R. McCoy of The Inquirer
January 27, 2022 | 5:00 AM

Pa. pension fund says it won’t require board to sign secrecy oaths to hear key report

Federal agencies have been looking into PSERS’ adoption of an exaggerated number for investment profits as well as the fund’s purchase of real estate near its Harrisburg offices.

By Angela Couloumbis of Spotlight PA, Joseph N. DiStefano of The Inquirer and Craig R. McCoy of The Inquirer
Updated: 2022-01-21 07:08:00

Board members of Pa.’s largest pension fund asked to sign secrecy oaths

Leaders of the fund have become increasingly upset over what they perceive as “leaks” about the botched investment calculation scandal that has led to multiple federal investigations.

By Angela Couloumbis of Spotlight PA and Joseph N. DiStefano of The Inquirer
November 19, 2021 | 5:27 AM

Top 2 Pennsylvania school pension system execs out of jobs

The top two executives at Pennsylvania’s largest public pension system will leave their jobs, amid two federal investigations and criticism over lackluster investment returns. The resolutions were approved at Thursday’s meeting of the $62 billion Public School Employees’ Retirement System’s board.

By Marc Levy/The Associated Press
November 10, 2021 | 4:54 AM

A massive probe of Pa.’s largest pension fund is nearly done, but taxpayers may never know the results

Some PSERS staff believe the probe’s findings could be damaging to their reputations. Their lawyers are pushing for the report to be kept private or contain rebuttals.

By Angela Couloumbis/Spotlight PA, Craig R. McCoy/The Philadelphia Inquirer and Joseph N. DiStefano/The Philadelphia Inquirer
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