Board OKs nearly $1 billion in real estate, multi-strat, private equity deals.
Tag: Pennsylvania SERS
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.
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.
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.
Study group searches for ways to bridge shortfall in state workers’ and teachers’ plans.
System has approved nearly $1.8 billion in investments since September.
$178 million reduction in investment fees since 2007 is not enough.
Steps being made to successfully implement new law that moves new employees into hybrid pension plan.