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PSERS board reverses course and raises pension payments made by Pa. school employees

By a 12-1 margin, the PSERS board voted to raise the amount that school employees have to pay for their pensions.

Some trustees of the Pennsylvania public school pension system, PSERS, pose with executive director Glen Grell (right) at the $60 billion-asset agency's Harrisburg office tower in 2020. Chairman Chris Santa Maria, a Harriton High School social studies teacher, is at center (tan suit).
Some trustees of the Pennsylvania public school pension system, PSERS, pose with executive director Glen Grell (right) at the $60 billion-asset agency's Harrisburg office tower in 2020. Chairman Chris Santa Maria, a Harriton High School social studies teacher, is at center (tan suit).Read moreCourtesy Pennsylvania Public School Employees' Retirement System