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Employee Benefits

PSERS sues Aon unit over miscalculation leading to higher employee contributions

August 04, 2023 Reprints

Pennsylvania's $72 billion Public School Employees’ Retirement System (PSERS) has filed a lawsuit against a unit of Aon PLC for an error in calculating investment returns, which led to increased employee pension contributions and drew the attention of federal investigators, reports Penn Live. The suit seeks millions in unspecified damages and indemnification for PSERS and its staff against related civil actions.

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PSERS sues Aon unit over miscalculation leading to higher employee contributions

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