Corporate Moves
Penn SERS Board Names James Nolan Permanent CIO
He replaces Seth Kelly, who resigned last month after less than a year at the post.
Tag: assumed rate
Asset Allocation
Public Pension’s Share of Government Spending More Than Doubles in 16 Years
Percentage of state and local spending on pensions jumps to 5.2% from 2.3% between 2002 and 2018.
Pensions
Pennsylvania SERS Cuts Investment Return Rate Assumption to 7%
Pension board also approves reduction in assumed rate of inflation to 2.5%.
Risk
Maryland Plan Misses Target, Lowers Assumptions
Private equity again rises to the top, but it’s not enough to help the fund clear its benchmark.