Press Releases

You are welcome to sign up to have SERS' press releases and board meeting agendas automatically emailed to you. If you are a member of the media working on a story, email your questions to phile@pa.gov or call our communications office at 717.787.9657. It's helpful to let us know if you're working on a deadline and which media outlet you represent.

03/05/2024

Penn SERS Board Announces 4th Quarter and Year-End 2023 Investment Performance,
Adjusts SERS Fund Asset Allocation

HARRISBURG – The Board of the Pennsylvania State Employees’ Retirement System, meeting here today, announced earning 12.2% on investments for the Defined Benefit Plan in 2023.

01/09/2024

Penn SERS Board Holds Organizational Meetings
Board Chair Thall Appoints Budget Secretary Monson Assistant Board Chair, Committee Chairs Elected and Assistant Chairs Appointed

HARRISBURG – The Pennsylvania State Employees’ Retirement Board held organizational meetings today. Board Chair Thall appointed Budget Secretary Uri Monson Assistant Board Chair.

12/12/2023
Penn SERS Announces Investment Returns;
Approves $220 Million in New Investments

HARRISBURG – The Board of the Pennsylvania State Employees’ Retirement System, meeting here today, received a report on pension fund investment performance showing the fund has earned more than 5% through Sept. 2023.

09/26/2023
Penn SERS Announces Investment Returns;
Approves Stress Testing and Risk Assessment Report and Joining Securities Fraud Recovery Services Pilot Project

The Board of the Pennsylvania State Employees’ Retirement System, meeting here today, received a report on investment returns for the second quarter and first half of calendar year 2023, and approved the 2023 Stress Testing and Risk Assessment Report and joining the National Conference on Public Employee Retirement Systems’ Securities Fraud Recovery Services pilot project.

07/25/2023
Penn SERS Board Approves Strategic Plan Outlining a Digital Transformation
Hires NEPC as Real Estate Investment Consultant, Invests $100 Million in Private Equity

The Board of the Pennsylvania State Employees’ Retirement System, meeting at the AFSCME 13 Conference Center earlier today, approved a strategic plan to expand retirement service delivery options.

06/13/2023
Penn SERS Board Receives First Quarter Investment Performance Reports, Accepts Independent Audits

The Board of the Pennsylvania State Employees’ Retirement System, meeting here today, received a report on first quarter investment performance.

05/02/2023
Penn SERS Board Approves Employer Contribution Rates,
Updates Policies, Begins Search for Third-Party Administrator, and Recognizes Departing Board Members

The Board of the Pennsylvania State Employees’ Retirement System, meeting here today, certified the employer contribution rates for the upcoming fiscal year and approved several policies.

02/28/2023
Penn SERS Extends Investment Consultant Contracts, Announces 4th Quarter and Year-End 2022 Investment Performance, Approves $75 Million Investment

The Board of the Pennsylvania State Employees’ Retirement System, meeting here today, approved extending its current general investment consultant contracts, announced fourth quarter and year-end 2022 investment performance, and approved a $75 million investment.

 

Additional Press Releases