Asset Allocation
Penn SERS Redefines Fixed-Income Allocations in Liability-Driven Push
Board also approves $125 million in new private equity, real estate investments.
Report says annual fees were greater than all employee contributions.
The state’s SERS and PSERS retirement organizations say they are looking for ways to cut management fees and improve transparency.
Study group searches for ways to bridge shortfall in state workers’ and teachers’ plans.