No action was done regarding the letters demands at a meeting Thursday, but the meeting is set to continue tomorrow. 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. 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. All the transactions were recommended to the board by the pensions investment staff... 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.
These two officials that lead the demanding of the ouster of staff members of the pensions pension committed mistakes that resulted in an investigation.
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These two officials that lead the demanding of the ouster of staff members of the pensions pension committed mistakes that resulted in an investigation .
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