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PSERS had "invested" in a California almond grove, among many other questionable dealings.
1 posted on 09/25/2021 9:20:10 PM PDT by lightman
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To: fatima; Fresh Wind; st.eqed; xsmommy; House Atreides; Nowhere Man; PaulZe; brityank; Physicist; ...

Pennsylvania Ping!

Please ping me with articles of interest.

FReepmail me to be added to the list.

2 posted on 09/25/2021 9:20:46 PM PDT by lightman (I am a binary Trinitarian. Deal with it!)
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To: lightman

Donโ€™t worry, Beijing Biden will intervene and all will be well. We cannot have a federal agency investigating a union, that is just wrong!


3 posted on 09/25/2021 9:26:53 PM PDT by Smellin Salt
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To: lightman

I realize they have a hard time stopping other Americans from
doing what Representatives and Senators do every day, not to
mention administration staff when they leave.

These cush jobs some of them get are outlandish.

No wonder they don’t want to go after Hunter Biden, for not
being qualified to get the foreign dollars he gets.

Neither are many of them when they leave public service, but
get great paying jobs for which they have no experience.


4 posted on 09/25/2021 9:32:26 PM PDT by DoughtyOne (Biden = Green Light to > China, N. K., Russia, M/E Terrorists, FBI, CDC, MSM, & the Left...)
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To: lightman

Being familiar with my state’s pension system (and being a participant in it), I’m just speechless.

I know how ours is run, and we’re one of the best, but how something like this can happen.. ๐Ÿ˜ถ

(outside of corruption, I mean)


5 posted on 09/25/2021 9:40:42 PM PDT by Spirit of Liberty (~Truth does not mind being questioned. A lie does not like being challenged.~)
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To: lightman

Corruption in a union pension fund???

This is my shocked face: ๐Ÿ˜‘


8 posted on 09/26/2021 4:33:33 AM PDT by jdsteel ("A Republic, Madam, if you can keep it." Sorry Ben, looks like we blew it.)
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To: lightman

The Feebs, huh?

Let the cover-up commence!

PA pensioners are either about to be screwed...or US taxpayers will be.


9 posted on 09/26/2021 4:37:14 AM PDT by mewzilla (Those aren't masks. They're muzzles. )
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To: lightman
PSERS spokesman Steve Esack said Saturday that the fund had no comment on the SEC action.

But of course! Those that would be in charge of crafting such a statement are also the ones that are the targets of the investigation! This is essentially the Mafia boss being perp-walked at noon on the courthouse steps. Wonder what the rank & file teachers think of this? How many will even speak up? Would it be covered in the media if they did?

12 posted on 09/26/2021 6:27:23 AM PDT by Tallguy
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To: lightman

A little memory jogger about the middle of night pay raise in Pa, and wasn’t that connected to the pension increase? https://www.nbcnews.com/id/wbna8898589 or was that a separate scam?

The pension increase was done after a stock market run up where the PSERS administrators claimed it would need no more funding for 10 years. In 6 months the fund was already under funded. These liars should be on the gallows. It is getting harder to dig up history on this stuff. The state workers already had lucrative pensions and benefits while most in PA had self funded pensions/nothing. Bob Durgin WHP580 etc fought it with a rally at Capital that I attended.


14 posted on 09/26/2021 10:36:15 AM PDT by apoliticalone (SOCIAL JUSTICE is as much about justice as PATRIOT ACT is about patriotism. It''s called political )
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