Corporate Moves
Penn SERS CIO Seth Kelly Resigns
He leaves the pension fund after less than a year on the job; Deputy CIO James Nolan will take over as acting CIO.
Tag: Penn SERS
Pensions
Pennsylvania SERS Cuts Investment Return Rate Assumption to 7%
Pension board also approves reduction in assumed rate of inflation to 2.5%.
Newsmakers
Pennsylvania SERS Approves $286 Million in New Commitments
State retirement system board also confirms James Nolan as acting CIO.
Risk
Pennsylvania SERS Loses 4.6% in 2018
Funded ratio falls to 56% as portfolio has worst calendar year in a decade.