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. No action was done regarding the letters demands at a meeting Thursday, but the meeting is set to continue tomorrow. 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for votes by the investment committee of the $64 billion Pennsylvania Public School Employees Retirement System were withdrawn.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 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.
While one investment was approved in a public temetition for uncertainty, another five that had been scheduled for months in the absence of a public interest in the approved funds.
( z0 contrast :ARG1 ( z1 approve :ARG1 ( z2 invest :quant 1 ) :ARG2 ( z3 compete :ARG0 ( z4 public ) :ARG1 ( z5 certain ) ) ) :ARG2 ( z6 invest :quant 5 :ARG1-of ( z7 schedule :ARG2 ( z8 multiple :op ( z9 temporal-quantity :quant 1 :unit ( z10 month ) ) ) :condition ( z11 absent :ARG1 ( z12 interest :ARG1 z4 :ARG2 ( z13 fund :ARG1-of ( z14 approve ) ) ) ) ) :mod ( z15 another ) ) )
(z0 / contrast-01
    :ARG1 (z1 / approve-01
              :ARG1 (z2 / invest-01
                        :quant 1)
              :ARG2 (z3 / compete-02
                        :ARG0 (z4 / public)
                        :ARG1 (z5 / certain)))
    :ARG2 (z6 / invest-01
              :quant 5
              :ARG1-of (z7 / schedule-01
                           :ARG2 (z8 / multiple
                                     :op1 (z9 / temporal-quantity
                                              :quant 1
                                              :unit (z10 / month)))
                           :condition (z11 / absent-01
                                           :ARG1 (z12 / interest-01
                                                      :ARG1 z4
                                                      :ARG2 (z13 / fund
                                                                 :ARG1-of (z14 / approve-01)))))
              :mod (z15 / another)))
While one investment was approved in a public temetition for uncertainty , another five that had been scheduled for months in the absence of a public interest in the approved funds .
z2 :quant 0
z0 :ARG2 z6
z1 :ARG1 z2
z0 :ARG1 z1
z3 :ARG0 z4
z1 :ARG2 z3
z3 :ARG1 z5
z6 :mod z15
z6 :quant 2
z6 :ARG1-of z7
z7 :ARG2 z8
z8 :op1 z9
z9 :unit z10
z9 :quant 1
z7 :condition z11
z11 :ARG1 z12
z12 :ARG1 z4
z13 :ARG1-of z14
z12 :ARG2 z13