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PSERS trustees at a 2022 board meeting

PSERS members could save if fund hits 10-year target, but measurement woes grind on

The potential savings could come amid ongoing tensions between PSERS and Aon Investments USA, a consultant to PSERS since 2013.

Joseph N. DiStefano

Paul Melchiorre, the onetime SAP manager from South Philly, got rich building and selling insurance tech companies and is now an investor in start-ups related to digital central bank currencies.

China’s digital currency could threaten the U.S. dollar. Should the Fed build its own?

Joseph N. DiStefano

Union president Wendell Young IV at a 2018 rally supporting Acme workers and their then-underfunded pension plan. Gov. Shapiro has nominated Young to the SERS state workers' retirement board and called for a streamlined investment approach. Young heads UFCW Local 1776, which includes 3,500 state liquor store workers.

Wall Street critic Gov. Shapiro picks new trustees for Pa. pension boards

Joseph N. DiStefano | Columnist

Moody’s Investors Service published a report April 27 boosting the city’s credit rating a notch, to A2. That’s the best Philadelphia’s credit has looked since 2012. Rival Standard & Poor’s said it was considering a similar upgrade for the city.

Wall Street boosts Philly’s credit rating to A1 as vote on rainy-day fund nears

Joseph N. DiStefano | Columnist

One thing we’re not hearing much about in this spring’s now five-way race for mayor is the city budget’s largest single expense: pension funding for 30,000 former city workers and their survivors.

How will a new mayor handle Philadelphia’s biggest expense — pension funding — especially with a threat of recession?

Joseph N. DiStefano | Columnist

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