Daily News | PSERS trustees balk at putting another teacher in line for the chairman’s job
who serve as trustees on the unpaid board. Tapping another teacher to chair the board, while two trustees are still to be appointed by Gov. Josh Shapiro and one by Senate Republicans, “is inviting heightened scrutiny and potential legislative reforms of the PSERS board,” warned Kevin Busher, representing the Pennsylvania School Boards Association on the pension board.
The school boards’ rep, as well as the treasurer, and their allies, have sometimes split against teachers’ union leaders and their supporters in board discussions over investments, leadership and public disclosure in the past. The system faces a long-term gap of more than $40 billion between assets and pension liabilities, which management blames on state government for failing to fund the pensions more completely between 2001 and 2011, while critics also blame it on underperforming investments. The system is funded by more than $5 billion in annual state and local government payments, around $1 billion from teachers, and varying amounts from investment gains.
At Friday’s meeting, board members including State Rep. Torren Ecker ; former state treasurer Joseph Torsella, trustee rep for Gov. Tom Wolf; and others also declined to support Lemmo until the new members were on board.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Biden’s student loan freeze, Fed rate hikes weigh on debt limit deadlineCongress will have a shorter-than-expected window to negotiate a debt limit increase this year thanks to policy decisions by both the Biden administration and the Federal Reserve
Baca lebih lajut »
Candidates sue Dauphin County over political rules in Fort Hunter ParkThe county says that property-transfer documents prevent political speech at the park, but according to FIRE, the first amendment says otherwise.
Baca lebih lajut »
Sacked GM workers in India sue company, CEO Barra for unpaid compensationA union in India has sued General Motors' local unit and its global CEO for failing to pay court-ordered compensation to sacked factory workers, deepening the U.S. automaker's struggles to exit the country years after it shuttered local operations.
Baca lebih lajut »
Group of faith leaders sue challenging Missouri abortion lawA lawsuit filed on behalf of several Missouri faith leaders on the 50th anniversary of the Supreme Court's Roe v. Wade decision is asking a court to throw out the state’s abortion law
Baca lebih lajut »
Religious leaders sue to block Missouri's abortion banA group of religious leaders who support abortion rights has filed a lawsuit challenging Missouri’s law that bans abortions in nearly all cases, saying lawmakers openly invoked their religious beliefs while drafting the measure and thereby imposed those beliefs on others who don’t share them
Baca lebih lajut »