The Latest Breaking News from Glen Grell

Pennsylvania pension fund may sue its consultant for botching profits figure

Pennsylvania's beleaguered pension fund for educators has hired yet another outside law firm — this time to consider suing the consulting firm that admitted botching a key profits calculation in an error that has triggered an ongoing FBI investigation.

The Philadelphia Inquirer · May 12, 2022

PSERS' legal bills jump as FBI and SEC continue probes of Pa.'s largest pension fund

Investigations into PSERS have cost the teachers’ pension plan $4.5 million in legal and adviser bills since March 2021, state records show.

The Philadelphia Inquirer · Apr 8, 2022

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

Glen Grell had been the executive director of Pennsylvania's biggest pension fund for two years in 2017 when he drove by the shuttered newspaper plant near his Harrisburg headquarters and noticed the "for sale" sign. Within a few months, the PSERS plan bought the place for $1.6 million.

The Philadelphia Inquirer · Feb 28, 2022