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.
Read more at Technically
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.
Read more at Fox 43
DAUPHIN COUNTY, Pa.– Pennsylvania Treasurer Joe Torsella today announced a new phase in his initiative to reunite veterans and their families with the military decorations they have earned. The Treasury has launched a new website solely dedicated to reuniting military decorations that have been reported as unclaimed property with their rightful owners.
Read more at The Courier Express
Pennsylvania Treasurer Joe Torsella Monday unveiled a new website from the Treasury that is solely dedicated to reuniting unclaimed military decorations with their rightful owners.
Read more at The Inquirer
Torsella objected to the idea that PSERS staff expressed in the report, that “you get what you pay for” when hiring private investment managers. In fact, higher returns “cannot … be bought,” Torsella shot back.