Tag: Pennsylvania State Employees Retirement System (SERS)

Newsmakers December 14, 2021

Penn SERS Changes Its Travel Rules to Prevent Excessive Spending by Staff

Ambiguities in travel policies have caused issues at other Pennsylvania funds.

Newsmakers December 9, 2021

The top two positions at the $39 billion pension fund have turned over in less than half a year.

Corporate Moves July 29, 2021

He replaces Seth Kelly, who resigned last month after less than a year at the post.

July 6, 2021

Investment performance for the $35 billion pension fund fell short of its benchmark and a sample 60/40 fund.

Corporate Moves June 11, 2021

He leaves the pension fund after less than a year on the job; Deputy CIO James Nolan will take over as acting CIO.

Asset Allocation January 21, 2021

New CIO Seth Kelly is hiking the fund's asset allocation to fixed income.

Asset Allocation December 7, 2020

Board also approves $125 million in new private equity, real estate investments.

Pensions October 9, 2020

Stress test finds capital preservation plan effective at providing security during market downturn.

Pensions July 31, 2020

Pension board also approves reduction in assumed rate of inflation to 2.5%.

Asset Management Culture July 1, 2020

Kelly replaces Bryan Lewis, who left last year and is now CIO of US Steel.

Pensions June 12, 2020

Tumbling equity markets helped weigh down retirement system’s returns.

Asset Management Culture April 7, 2020

Permitted under the CARES Act, the provision allows portfolios to recover from stock market downturns.

Pensions March 2, 2020

$30.9 billion fund also earmarks $500 million in new investments.

Newsmakers August 2, 2019

State retirement system board also confirms James Nolan as acting CIO.

Corporate Moves July 22, 2019

Deputy CIO James Nolan recommended to serve in interim by investment committee.