WebNov 9, 2024 · PSERS — the Public School Employees’ Retirement System — hired Womble and a battery of other law firms after its board admitted in March that the fund had botched its crucial official calculation of investment returns. WebJun 9, 2024 · PSERS is short for the Pennsylvania School Employees’ Retirement System. One of the nation’s biggest pension plans, it sends out more than $6 billion in checks yearly to 265,000 former teachers and other retired staff from public schools. It is supported by its investments and by payments from working educators and taxpayers.
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WebNov 15, 2024 · Back in May, a bombshell report came out that the Pennsylvania Public School Employees’ Retirement System (PSERS) was under investigation by the FBI for bribery and kickbacks as investment returns were severely inflated at the same time spending millions to buy up real estate in the Harrisburg area. Web2 days ago · In June 2024, the Independent Fiscal Office analyzed the overall price tag of a cost of living adjustment for PSERS – as proposed in a bill from last session – and determined doing so would increase benefit payments $432.8 million over a 10-year period, impacting nearly 47,000 retirees. southside realty
Facing FBI probe, PSERS backtracks on disclosure that ... - pennlive
WebJan 21, 2024 · State treasurer Stacy Garrity, a Republican and a PSERS trustee, and Gov. Tom Wolf, a Democrat who appoints three members of the PSERS 15-member board, have called for prompt, full public disclosure of the investigation prepared for PSERS last year by the law firm Womble Bond Dickinson. http://www.sers.pa.gov/Contact-DB.html WebThis includes: PERS Plans 2 and 3, SERS Plans 2 and 3, TRS Plans 2 and 3, LEOFF Plan 2, WSPRS Plans 1 and 2 and PSERS Plan 2. COLA percentages for most DRS plans (effective July 1, 2024) Retirement Dates Adjustment; July 2, 2024 – … southside radiology aiken sc