Friday, December 19, 2008

More Bonus Controversy

Pennsylvania's Public School Employees' Retirement System awarded 21 staff members with bonuses ranging from $9,700 to $106,223 dollars totaling $854,000 in bonuses. State Senator Jane Orie is calling for the bonuses to be returned because the pension being looked managed by the staff receiving the bonuses lost millions of dollars this year. The staff members are claiming that the bonuses are justified in their contract and that they performed well this year by outperforming their peers nationally.

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