By Charles Thompson, includes “Grossman, 54, and PSERS’ CIO since 2013, is the highest paid employee in state government, making $485,421 a year according to the state’s salary database. But his aggressive investment strategies have increasingly come into question by the board in recent years as the fund has failed to hit its long-term targets for investment gains in the face of mounting liabilities triggered by a set of lucrative benefit expansions approved by the state legislature and then-Gov. Tom Ridge in 2001. …”