Top Paid Pennsy Official Out At PSERS Amid Fed Prob — If you’ve missed it, the top two executives of Pennsylvania’s Public School Employees’ Retirement System or PSERS have quit amidst an on-going FBI probe.
Gone are Executive Director Glen Grell, 64, and investment chief James H. Grossman Jr., 54.
PSERS said they are “retiring”.
Grossman’s $485,000 salary was the largest in state government.
PSERS with its $73 billion — $5 billion of which are an annual contribution from taxpayers — is the largest pension fund in the state.
The investigation concerns bribery and kickbacks.
SpotlightPa.org is doing a great job of covering the issue. Check it out.