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

One thought on “Top Paid Pennsy Official Out At PSERS Amid Fed Prob”

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: