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. 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. 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. No action was done regarding the letters demands at a meeting Thursday, but the meeting is set to continue tomorrow. All the transactions were recommended to the board by the pensions investment staff...
The Pennsylvanias Public Staff Employees Retirement System is discounting actions from another fund.
( z0 discount :ARG0 ( z1 program :name ( z2 name :op "Public" :op "Staff" :op "Employees" :op "Retirement" :op "System" ) :mod ( z3 state :name ( z4 name :op "Pennsylvania" ) ) ) :ARG1 ( z5 act :source ( z6 fund :mod ( z7 another ) ) ) )
(z0 / discount-02
    :ARG0 (z1 / program
              :name (z2 / name
                        :op1 "Public"
                        :op2 "Staff"
                        :op3 "Employees"
                        :op4 "Retirement"
                        :op5 "System")
              :mod (z3 / state
                       :name (z4 / name
                                 :op1 "Pennsylvania")))
    :ARG1 (z5 / act-02
              :source (z6 / fund
                          :mod (z7 / another))))
The Pennsylvanias Public Staff Employees Retirement System is discounting actions from another fund .
z3 :name z4
z4 :op1 1
z2 :op2 4
z2 :op1 2
z2 :op3 0
z1 :name z2
z1 :mod z3
z2 :op4 3
z2 :op5 5
z0 :ARG0 z1
z0 :ARG1 z5
z6 :mod z7
z5 :source z6