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Latest News

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East Penn School Director, Carol Allen, asks Board to approve Pension Investigation Resolution

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East Penn School Director, Carol Allen, is going to present a Resolution to the East Penn Board asking that they approve a Resolution that would appoint an Independent Audit of the Pension System for Pennsylvania, PSERS.  Read the Resolution below.  Action on this could take place at the Monday, June 12 East Penn School Board Meeting.

 

 

DRAFT RESOLUTION

 

 

RESOLUTION SUPPORTING PSERS PENSION FUND INVESTIGATION

BY THE BOARD OF DIRECTORS

OF THE EAST PENN SCHOOL DISTRICT

 

 

 

WHEREAS, the Board of Directors of the East Penn School District do hereby agree to give notice to the Governor of Pennsylvania, Attorney General, Auditor General, State Treasurer, and All House and Senate Legislative Members demanding the Governor appoint an independent (outside) forensic auditor to audit the Pennsylvania State Employees Retirement System (PSERS) Pension Fund.

 

 

WHEREAS, such independent investigation would determine whether there has been prudent fiscal management of the fund to ensure our teachers and staff, that the East Penn School District is determined to protect their retirement investment ensuring future payout as contracted.

 

 

WHEREAS, the investigation will confirm for the taxpayers, why the unfunded liability has sky rocketed to over $50 Billion and continues to grow.

 

 

NOW, THEREFORE, BE IT RESOLVED that the East Penn School District and its board of directors strongly urge the immediate action on an external investigation to determine whether any mismanagement or improper activity has occurred while managing the fund. Such demand should result in a positive outcome that would benefit both the teachers and taxpayers of the East Penn School District alike.

 

 

 

 

 

 

Adopted this _____ day of _____________, 2017.

Signed,       Attest:

_____________________________________________________

School Board President

 

_____________________________________________________

School Board Secretary

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