The demand for the dismissal of Glen Grell, the executive director, and Jim Grossman, the chief investment officer of Pennsylvanias $64 billion Public School Employees Retirement System, came hours before a scheduled meeting of the board Thursday, which both officials would normally attend. No action was done regarding the letters demands at a meeting Thursday, but the meeting is set to continue tomorrow. Six trustees of the largest public pension in Pennsylvania are demanding the ouster of two top staff members, citing years of poor investment performance, high expenses and missteps that led to a federal investigation. Trustees of Pennsylvanias largest public pension on Friday backed off from voting on almost $1.1 billion in new fund commitments amid disagreement over the systems leadership and its use of high-cost private investments. While one investment was approved in a public session, another five that had been scheduled for votes by the investment committee of the $64 billion Pennsylvania Public School Employees Retirement System were withdrawn.
The demand for the sale of Glen Grell, the executive director, and Jim Grossman, the chief investment officer of Pennys largest public pension institutions $64 billion Public School Employees Retirement System.
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                                                                        :ARG3 (z14 / most)
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                                                                                              :op1 "Pennsylvania")))
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                                               :ARG2 (z26 / officer
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The demand for the sale of Glen Grell , the executive director , and Jim Grossman , the chief investment officer of Pennys largest public pension institutions $64 billion Public School Employees Retirement System .
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