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A fight at the heart of PSERS: Who is in charge at the big pension fund? The board or its executives?

Critics cite a report by the Womble Bond Dickinson law firm that raises questions about governance at PSERS. The agency's leaders dispute the criticism.

PSERS board member Joe Torsella raised questions at a pivotal meeting in December 2020 about how the pension fund computed its investment returns. Torsella, a former state treasurer, is shown here with his dog Lilly at his home.
PSERS board member Joe Torsella raised questions at a pivotal meeting in December 2020 about how the pension fund computed its investment returns. Torsella, a former state treasurer, is shown here with his dog Lilly at his home.Read moreALEJANDRO A. ALVAREZ / Staff Photographer