Commonwealth of Pennsylvania State Employees Retirement
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Pennsylvania confronts $41 billion pension deficit, according to state report
Pennsylvania’s two public pension plans face a combined shortfall of $41 billion, and their costs will consume 62% of fiscal 2014 revenue growth, according to a report from the state budget office.
Pennsylvania Employees 457 plan posts third-party administrator RFP
Pennsylvania State Employees' Retirement System is searching for a third-party administrator for its $2.3 billion 457 plan.
Pennsylvania State Employees commits $125 million to 2 funds
Pennsylvania State Employees' Retirement System committed up to $75 million to AXA Secondary Fund V B and up to $50 million to Asia Alternatives Capital Partners III.
Connecticut posts opening for short-term investment manager
The Connecticut State Treasurer's office is accepting applications for the position of principal investment officer in charge of the state's short-term investment fund, according to the Treasurer's website.
PennSERS books 1st investment with ValStone real estate fund
Pennsylvania State Employees' Retirement System committed up to $20 million to real estate fund ValStone Opportunity Fund V.
PennSERS promotes alternatives staffer
Corrected Jeffrey Burton was promoted to portfolio manager at the $26 billion Pennsylvania State Employees' Retirement System, Harrisburg, confirmed spokeswoman Pamela Hile. It is a new position. Mr. Burton reports to Lauren Lenfest , managing director of alternative investments. As part of his
Fund execs, managers take earthquake in stride
Pension plan executives and money managers on the East Coast were shaken but not stopped by the 5.9 magnitude earthquake that struck Tuesday afternoon. “Our offices are open. We are here,” said Jeanne Chenault, spokeswoman for the $54.9 billion Virginia Retirement System, Richmond, which was 35
PennSERS executive director to retire
Leonard Knepp , executive director of the $26 billion Pennsylvania State Employees' Retirement System, Harrisburg, intends to retire at the end of the year, confirmed spokeswoman Heather Tyler. Mr. Knepp has been executive director since December 2007 when he was named to replace Eric Henry , who