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Pennsylvania pension system investigating calculation error

MARCH 30, 2021 | by Associated Press | US NEWS & WORLD REPORT

Includes “The board of Pennsylvania's largest public pension system, the Public School Employees’ Retirement System, said it is investigating a consultant's calculation about the fund's investment performance last year that is apparently wrong. The calculation — 6.38% growth over the nine years ending last June 30 — was slightly above a 6.36% growth threshold, thus protecting retirement system members from seeing a higher risk-sharing contribution rate kick in next July 1.”

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