Gov. Wolf, Torsella repeat call for state pension boards to reduce fees, move to more passive investment strategy

Gov. Wolf, Torsella repeat call for state pension boards to reduce fees, move to more passive investment strategy

Gov. Tom Wolf and Treasurer Joe Torsella Monday doubled-down on their call for the State Employees’ Retirement System and the Public School Employees’ Retirement System to reduce their management fees, move to a more passive investment model, and increase savings opportunities.

 

The call comes on the heels of the Wolf administration combining three funds into one Treasury-managed fund and the Treasury putting all public equity investments into a passive investment model and an April 13 letter to the systems encouraging to adopt similar reforms.

Monday, April 24, 2017/Author: Jason Gottesman
Categories: News and Views

Rotunda Ramblings - Episode 41: PSERS executive director Glen Grell

 
The podcast this week features a pension reform can't miss as we sit down with PSERS executive director Glen Grell. Also, a recap of the week's budget news and other items.

Friday, April 7, 2017/Author: Jason Gottesman
Categories: Rotunda Ramblings
Philadelphia Mayor Jim Kenney unveils $4.4 billion city budget proposal that relies on $222 million in state aid

Philadelphia Mayor Jim Kenney unveils $4.4 billion city budget proposal that relies on $222 million in state aid

Philadelphia Major Jim Kenney on Thursday unveiled a $4.38 billion city budget for FY 2018 to Philadelphia City Council along with the city’s five-year plan.
 
It’s the second budget delivered by the mayor since taking office in January 2016.

Thursday, March 2, 2017/Author: Jason Gottesman
House Majority Leader lays out vision for coming session

House Majority Leader lays out vision for coming session

Speaking at the Pennsylvania Press Club Monday, House Majority Leader Dave Reed (R-Indiana) laid out his vision for the new legislative session and didn’t hide the fact that he’s looking for government to look, feel, and operate differently by the end of this two-year legislative session.

Monday, January 23, 2017/Author: Jason Gottesman
Categories: News and Views
Business groups urge General Assembly to act on pension reform this session

Business groups urge General Assembly to act on pension reform this session

Despite having few, if any, remaining substantive voting days in the 2015-2016 legislative session, business groups have gathered together to call on the General Assembly to enact a pension reform bill by the end of session.

Friday, November 4, 2016/Author: Jason Gottesman
Categories: News and Views
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