Pensions
Pennsylvania SERS Will Join Pilot Project to Combat Securities Fraud
NCPERS Securities Fraud Recovery Services aims to help members recover damages from securities fraud.
Tag: Pennsylvania SERS
Asset Allocation
Special Report: Why Pennsylvania SERS is Moving Toward a Liability-Driven Benchmark
New CIO Seth Kelly is hiking the fund's asset allocation to fixed income.
Pensions
Pennsylvania SERS Loses 4.6% in First Half of 2020
Stress test finds capital preservation plan effective at providing security during market downturn.
Asset Management Culture
Pennsylvania SERS Names Seth Kelly CIO
Kelly replaces Bryan Lewis, who left last year and is now CIO of US Steel.
Asset Allocation
Pennsylvania SERS Returns 0.32% in Q3, 12.39% Year-to-Date
Board addresses transparency concerns, and hires firm to find new CIO.
Corporate Moves
US Steel Names Bryan Lewis to Newly Created CIO Role
Lewis joins firm just three days after officially stepping down as Penn SERS CIO.
Newsmakers
Pennsylvania SERS to Cut Return Rates, Hedge Fund Allocations
Verdicts come amid political criticism, current market environment.
Newsmakers
Plow Back Provision Helps Pennsylvania SERS Boost Its Employer Contributions
Board OKs nearly $1 billion in real estate, multi-strat, private equity deals.
Newsmakers
Pennsylvania Pension Revamp Starts, Barring New Hires from Legacy Plan
Newly hired state workers will get lower benefits and either a 401(k) or hybrid retirement plan to save tax dollars, prop up DB funding levels.
Research
Pennsylvania Pensions Could Save Nearly $10 Billion over 30 Years
Report says annual fees were greater than all employee contributions.
Newsmakers
Pennsylvania Pension Panel Explores Debt-Cutting Plans
The state’s SERS and PSERS retirement organizations say they are looking for ways to cut management fees and improve transparency.
Newsmakers
Two Biggest Pennsylvania Public Pension Funds Underreported $3.8 Billion in PE Fees, Oxford Professor Says
State treasurer and lawmaker demand more transparency from debt-laden PSERS and SERS plans.
Pennsylvania Pension Panel Looks to Cut Investment Managers’ Fees
Study group searches for ways to bridge shortfall in state workers’ and teachers’ plans.
Asset Allocation
Pennsylvania SERS Approves $675 Million in New Investments
System has approved nearly $1.8 billion in investments since September.