News Releases - October 2018


Public Pension Management and Asset Investment Review Commission Holds Final Hearing in Harrisburg

Harrisburg, PA – State Representative Mike Tobash, Chair, and Pennsylvania Treasurer Joe Torsella, Vice-Chair, of the Public Pension Management and Asset Investment Review Commission (PPMAIRC) today convened the last of three informational hearings in Harrisburg to examine the need for improvements in transparency around investment expenses and returns of Pennsylvania’s two statewide pension systems. Today’s hearing identified cost savings opportunities for the pension boards.



Illinois State Treasurer Frerichs, Rhode Island State Treasurer Magaziner, Pennsylvania Treasurer Torsella, and New York City Comptroller Stringer Press for Independent Board Chair at Facebook

Opening a new front at Facebook, Illinois State Treasurer Michael Frerichs, Rhode Island State Treasurer Seth Magaziner, Pennsylvania Treasurer Joe Torsella, and New York City Comptroller Scott Stringer today co-filed a shareholder proposal asking the Facebook board of directors to make the role of Board Chair an independent position.