New head of school retirement system making $215,000 a year



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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.

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Information from: Pennlive.com, http://www.pennlive.com

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The Associated Press

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