Delco teacher files suit against investing consultants to PSERS Lawyers for a Delaware County public school teacher have filed a lawsuit over problems at Pennsylvania’s largest pension fund, alleging that poor advice from highly paid outside consultants has cost the retirement plan billions and forced 100,000 teachers to pay millions in extra pension contributions. The complaint says two consultants were “grossly negligent” in their dealings with the $67 billion PSERS plan but does not identify the fund itself as a defendant. Legal experts say the big retirement plan is generally protected from liability under the state’s Sovereign Immunity Act. The suit names as defendants Aon Investments USA, of Chicago, ... Continue reading... https://www.msn.com/en-us/money/new...nst-investing-consultants-to-psers/ar-AALpqjd Find in Internet Archives [google]Delco teacher files suit against investing consultants to PSERS[/google]
