A more than seven hour hearing at the State Capitol gives insight on Pennsylvania’s pension systems. Testimony given shows billions of dollars in private equity fees that have not always been reported to pension funds.
An Oxford University professor tasked with tracking spending in Pennsylvania’s pension system has concluded that the commonwealth’s two largest public funds have underreported billions of dollars they paid to private investors.
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Around 500 military medals and awards are just sitting idle in a vault at the Treasury Department’s Bureau of Unclaimed Property, but a newly launched website is trying to change that.
Every dollar in the Treasury comes from the hard work of Pennsylvania taxpayers. Pennsylvanians need to trust that their money will be managed with fairness and integrity, uncompromised by conflicts of interest, political affiliation, favoritism, or other unfair considerations. Under my administration, the days of needing to know someone to do business with Treasury will be over.
We can and should do much better.
“I’ll be the kind of commonsense problem solver Pennsylvania needs.”
– Joe Torsella
On this day in 1787, Pennsylvania ratified the US Constitution to become the second state. Happy 231st birthday, PA!