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.
HARRISBURG – The Pennsylvania State Employees’ Retirement Board, meeting here today, received investment reports detailing an approximately 13.7% return in 2025 that added approximately $5.2 billion to the SERS Fund for pension benefits. As of Dec. 31, 2025, the SERS Fund totaled $42.6 billion.
HARRISBURG – The Pennsylvania State Employees’ Retirement Board held organizational meetings today. Board Chair Gregory Thall appointed Banking and Securities Secretary Wendy Spicher Assistant Board Chair and finalized committee assignments.
12/09/2025
HARRISBURG – The Pennsylvania State Employees’ Retirement Board, meeting here today, received investment return reports detailing a year-to-date 11.29% return, net of fees, as of Sept. 30, 2025.
10/07/2025
Penn SERS Board Receives Reports Detailing Strong Investment Performance, Positive Audits
HARRISBURG – The Pennsylvania State Employees’ Retirement Board, meeting here today, received reports detailing strong investment performance and positive reports on SERS’ internal controls and actuarial services.
HARRISBURG – The Pennsylvania State Employees’ Retirement Board, meeting here today, maintained the pension system’s current investment return assumption and adjusted several other economic and demographic assumptions to better align with the system’s recent experience.
06/24/2025
Penn SERS 2024 Financial Reports Available
HARRISBURG – The Pennsylvania State Employees’ Retirement System today announced the release of its 2024 Annual Comprehensive Financial Report for the calendar year ended Dec. 31, 2024.
HARRISBURG – The Pennsylvania State Employees’ Retirement Board, meeting here today, approved two new procurements and announced the selected vendor for another.
HARRISBURG – The Pennsylvania State Employees’ Retirement Board, meeting here today, received key results from the system’s 2024 actuarial valuation and approved the actuarially calculated contribution rates for the commonwealth’s 2025-26 fiscal year.
03/04/2025
HARRISBURG – The Pennsylvania State Employees’ Retirement Board, meeting here today, received investment reports detailing a 9.8% return in 2024 that added approximately $3.5 billion to the SERS Fund for pension benefits.
12/10/2024
Penn SERS Announces Investment Performance
Pension Fund Investments Up 10% Heading Into 4th Quarter
HARRISBURG – The Pennsylvania State Employees’ Retirement Board, meeting here today, received investment return reports detailing a 10.03% gain for the first nine months of calendar year 2024.
09/24/2024
HARRISBURG – The Pennsylvania State Employees’ Retirement Board, meeting here today, received reports on investment performance as of June 30 and its annual stress testing and risk assessment of the Defined Benefit (pension) Plan.
08/28/2024
HARRISBURG – The Pennsylvania State Employees’ Retirement System today announced Empower as the winning bidder in its Board’s request for proposal (RFP) for a third-party administrator of the commonwealth’s restructured deferred compensation and defined contribution plans.
07/30/2024
HARRISBURG – The Pennsylvania State Employees’ Retirement Board, meeting at the AFSCME Council 13 Conference Center today, approved a policy providing for public comments at board meetings.
06/24/2024
Penn SERS 2023 Financial Reports Available
HARRISBURG – The Pennsylvania State Employees’ Retirement System today announced the release of its 2023 Annual Comprehensive Financial Report for the calendar year ended Dec. 31, 2023.
06/18/2024
Penn SERS Board Receives First Quarter Investment Performance Reports, Accepts Independent Audits
HARRISBURG – The Pennsylvania State Employees’ Retirement Board, meeting here today, received a report on first quarter investment performance.
05/22/2024
HARRISBURG – The Pennsylvania State Employees’ Retirement Board, in a special meeting here today, authorized staff to award a new contract for a third-party administrator of the deferred compensation and defined contribution plans it oversees.
05/07/2024
HARRISBURG – The Pennsylvania State Employees’ Retirement Board, meeting here today, certified a lower employer contribution rate for the upcoming fiscal year, revised its proxy voting policy, updated its agreement with an investment manager, and continued working through its governance review, among other business.
03/05/2024
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
HARRISBURG – The Pennsylvania State Employees’ Retirement Board held organizational meetings today. Board Chair Thall appointed Budget Secretary Uri Monson Assistant Board Chair.