Asset Management Culture
PSERS Trustees Yank Their Request to Oust Executive Director, CIO
Board members at the beleaguered pension fund withdrew their call for a vote of termination at Friday’s meeting.
State’s largest pension fund has reportedly spent over $1 million for reporting error damage control.
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.
Board also approves $175 million in new commitments.
The state’s Public School Employees’ Retirement System says the returns justify the fees.