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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 ...
In 1997, retirement system executives faced increasing pressure to divest the system from its holdings in cigarette manufacturers, tobacco companies and tobacco-related stock. [12] In 2000, the Pennsylvania State Employees’ Retirement System was documented as a co-owner of the Willow Grove Park Mall in Abington, Pennsylvania. [13]
Federal Employees Retirement System - covers approximately 2.44 million full-time civilian employees (as of Dec 2005). [2]Retired pay for U.S. Armed Forces retirees is, strictly speaking, not a pension but instead is a form of retainer pay. U.S. military retirees do not vest into a retirement system while they are on active duty; eligibility for non-disability retired pay is solely based upon ...
Pennsylvania manages its state government employees’ pensions through two different systems: Pennsylvania State Employees’ Retirement System (SERS) and Public School Employees’ Retirement ...
In February 2021, Torsella was appointed to the Pennsylvania Public School Employees' Retirement System (PSERS) Board of Trustees by Governor Tom Wolf. [72] The appointment is Torsella's first for the board but would result in his second time as a board member, after serving as an ex-officio member of both PSERS and the State Employees ...
Two Keystone State voters shared their thoughts on why they believe Vice President Kamala Harris’s proposals would be better for their retirement plans. Mark S., 62, is a middle-class resident ...
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 ...
Teacher Retirement System of Texas: $146,326 $146,326 79.7% 8.0% 7 New York State Teachers: $115,637 $115,637 94.2% 7.5% 8 State of Wisconsin Investment Board: $109,960 $105,155 N/A N/A 9 North Carolina Retirement: $106,946 $96,094 88.3% 7.3% 10 Washington State Investment Board: $104,260 $86,615 85.5% 7.7% 11 Ohio Public Employees Retirement ...