Daily News | PSERS approves litigation, seeks ‘emergency’ replacement for consultant blamed in 2020 error
The $70 billion Pennsylvania school pension system has agreed to “commence litigation” over a two-year-old report thatOfficials of the system, known as PSERS, won’t confirm who the lawyers are preparing to sue. As The Inquirer
From 2021: Internal PSERS documents show how Pa’s biggest pension fund got key financial calculation wrong After a closed-door discussion that lasted more than an hour, PSERS trustees agreed at a Tuesday night special meeting to authorize Blank Rome LLP, the Philadelphia law firm, to begin legal action “with respect to matters related to the 2020 risk share calculation error.”
from 100,000 mostly younger teachers and other school staff, under a state law that kicks in when the system misses multi-year investment targets.Besides telling Blank Rome to go ahead and litigate, trustees approved an “emergency procurement” proposal to hire a firm for “investment consulting services including all asset classes and investments.” That’s the job Aon — then known as Aon Hewitt Investment Consulting Inc. — was hired to do, most recently in a five-year, $3.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
World leaders hold emergency meeting as 'Russian-made' missile kills two in Poland | CNNWorld leaders gathering at the G20 summit in Bali are attempting to diffuse a potential escalation in the months-long Ukraine war after a “Russian-made” missile landed inside NATO-member Poland killing two people.
Read more »
Trump, whose lies about the 2020 election inspired an insurrection, announces third White House bidTrump has continued to falsely assert that he won the 2020 election but that he was denied office by rampant fraud.
Read more »
Fewer people in California recycled compared to 2020, data showsOnly 40% of people in California recycled in 2021, according to recent data from CalRecycle. That's more than half of the population not recycling statewide. However, if you're doing your part in recycling to make it a better Earth, here's how to make sure you're doing it correctly.
Read more »
$2M bond set for man accused of killing 2 Cleveland brothers in 2020David Spivey is being held on a $2 million bond at the Cuyahoga County Justice Center and will return to court on Nov. 22.
Read more »
Body found in underwater California cave may be diver who vanished in 2020Authorities say a body that was found this month in an underwater cave in Southern California may be that of a scuba diver who vanished two years ago. T
Read more »
BTC losses get real as Bitcoin SOPR metric hits lowest since March 2020BTC price lows combines with Bitcoin SOPR highs with on-chain losses echoing March 2020.
Read more »