Skip to content
Subscriber Only

Pennsylvania Pension Furor Widens With Push to Oust Leaders

  • Six board members seek vote on firing CIO, executive director
  • Letter says reliance on alternative investments led to lagging
Updated on

A group of trustees at Pennsylvania’s biggest pension is seeking to oust the $64 billion fund’s leadership, citing what they called “poor investment performance,” the latest difficulty at the fund that focused heavily on alternative investments like private equity.

The letter comes days after one of the members of the board of the Pennsylvania Public School Employees’ Retirement System, state Senator Katie Muth, sued to gain access to documents that she said have been withheld amid a federal investigation into the pension plan.