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.read more
Read more at City & State.
The Wolf administration has dispatched a series of letters to board members at the state’s twin pension funds, urging officials to suspend any additional involvement with investment funds linked to billions in “wasted” Wall Street management fees.read more
Read more at The Weekender.
WILKES-BARRE — Pennsylvania Treasurer Joe Torsella announced this week — on the observance of Purple Heart Day on Aug. 7 — that Treasury holds 16 unclaimed Purple Heart medals and 18 Purple Heart pins, ribbons, and other related decorations for the veterans who earned the distinguished service award or their rightful heirs.read more