Several Pennsylvania Public School Employees' Retirement System (PSERS) members are receiving correspondence and a check from PSERS SHARED RISK QSF. This stems from a settled lawsuit involving claims brought by the plaintiffs (who are PSERS members) against four of PSERS’ outside investment consultants.
While PSERS is not a party to this lawsuit or settlement, this is a legitimate mailing. Please note, however, that while this action affects certain PSERS members who have been identified as part of the class affected by the claims in the lawsuit, it does not affect all PSERS members.
It is PSERS’ understanding that the amounts being provided are based on a variety of factors determined by the parties to the lawsuit. The checks members are receiving now are for their share of a settlement with two of the defendants in this litigation. There is still ongoing litigation with the remaining two defendants, so members may receive similar correspondence should any further settlements be reached.
As a non-party entity, PSERS cannot provide any information regarding the case. If you would like further information regarding this class action lawsuit or have any questions, please contact the PSERS Shared Risk Class Action Settlement Administrator by visiting the website identified (https://pserssharedriskclassaction.com/) or calling the telephone number provided (877.777.9321) in the Notice.