Bloom Named Trustee of PSERS

Here’s Some Good News: CAP Member Named PSERS Trustee

March 18, 2015:

It is easy to get caught up in all the bad news. When you consider our new Governor’s policy pronouncements so far, that’s especially true. However, we wanted to bring some good news to your attention.

Representative Steve Bloom (R-Cumberland County) was appointed to the Public School Employees’ Retirement System (PSERS) Board of Trustees. As Rep. Bloom noted in his press release on the appointment, "The PSERS board is responsible for managing the pensions of hundreds of thousands of Pennsylvanians, including public school teachers, administrators and other school employees."

Rep. Bloom was among the first group of legislators that CAP-supported in 2010, and you would be hard-pressed to find a more effective advocate for limited government solutions. Being appointed to the PSERS Board in only his third term speaks volumes about the impact he is having within the Republican caucus.

The Board of Trustees is comprised of fifteen members. One of their biggest responsibilities is to determine how the pension fund will invest the members’ and state’s money. Considering some of the risky bets that PSERS has made in the past, having a commonsense conservative like Rep. Bloom on the Board is a welcome change.

Citizens Alliance of Pennsylvania (CAP) is a non-profit organization founded to raise the standard of living of all Pennsylvanians by restoring limited government, economic freedom, and personal responsibility. By empowering the Commonwealth’s employers and taxpayers to break state government’s "Iron Triangle" of career politicians, bureaucrats, and Big Government lobbyists, this restoration will occur and Pennsylvania will prosper.