Top Paid Pennsy Official Out At PSERS Amid Fed Prob

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.

Top Paid Pennsy Official Out At PSERS Amid Fed Prob
Top Paid Pennsy Official Out At PSERS Amid Fed Prob

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