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.

 

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

Penn SERS Board Receives Investment Performance and Stress Testing and Risk Assessment Reports;
Hires General Investment Consultant

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

Penn SERS Announces Winning Bidder to Administer Restructured Deferred Comp & Defined Contribution Plans

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

Penn SERS Board Adds Public Comments to Meetings, Approves $200 Million Investment, Hires Proxy Voting Consultant

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

Penn SERS Board Restructures Administration of Deferred Comp & Defined Contribution Plans; Partnership with State Treasury to Modernize Payments from Both Plans, Enhancing Services for Participants and Saving Millions Per Year

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

Penn SERS Board Approved Decrease in Employer Contribution Rate Member Contribution Rates Remain Unchanged

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

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.

 

Additional Press Releases