Wall Street Is Fleecing a Bunch of Teachers

A new era in the decade-long battle by retirees and whistleblowers to halt massive transfers of wealth out of retirement funds and into Wall Street firms could be at hand, thanks to the case of Katie Muth. Muth, a Democratic Pennsylvania state senator, is one of...

Commonwealth Court Unanimously Overrules PSERS Preliminary Objections

HARRISBURG − March 15, 2022 − In an opinion filed earlier today, Commonwealth Court unanimously overruled all seven of the preliminary objections filed by the Pennsylvania Public School Employees Retirement System (PSERS) in their continued fight to prevent access to...

PSERS top two leaders announced retirement plans on Thursday

HARRISBURG, Pa. (WHTM) — It is the largest pension system in Pennsylvania, nearly half a million current and former teachers are in it and its top two officials announced they were retiring on Thursday. Change is coming at PSERS, which oversees 72 billion in pension...

PSERS chief counsel steps down as board approves contested lawyer fees

After 33 years as a lawyer for the state of Pennsylvania, Jackie Wiest Lutz spent just 10 months as Chief Counsel for the troubled PSERS pension plan before announcing her retirement Wednesday, as directors approved paying nearly $1.2 million to outside law firms...

PSERS leaders seek to gag board members over leaks to media

Upset at leaks about a federal investigation of the PSERS pension fund, leaders of the beleaguered plan’s board have cut off other board members from legal briefings about the probe — and are considering demanding that they sign nondisclosure agreements before they...

Senator Muth Demands Access to Vital Information

HARRISBURG − June 8, 2021 − Earlier today, Senator Katie Muth (D- Montgomery/Chester/Berks) filed a Complaint in the Commonwealth Court of Pennsylvania following several months of continuously being denied documents and information needed to legally perform in her role as a Board Member for the Public School Employees’ Retirement System (PSERS).  The Complaint for Declaratory and Injunctive Relief seeks to require PSERS to provide information regarding the public pension fund in a timely manner.