Estimated read time: Less than a minute
This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.
HARRISBURG, Pa. (AP) — The new executive director of Pennsylvania's Public School Employees' Retirement System is collecting a $215,000 annual salary.
PennLive.com reported the pay rate on Friday (http://bit.ly/1bmlTmE ) for Glen Grell, who resigned this week from the suburban Harrisburg seat he has held for more than a decade.
The Republican state House member was earning over $85,000 in the Legislature. He's a former member of the pension system board.
He's the new chief executive of America's 20th largest state-sponsored defined benefit public pension fund. The pension has net assets of almost $52 billion and a membership of 477,000 active and retired school employees.
He will oversee more than 300 employees in the central office in Harrisburg and eight regional offices.
Information from: Pennlive.com, http://www.pennlive.com
Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.