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04/24/2013
PA SERS Board Adopts Employer Contribution Rate and Approves Key Results of 2012 Actuarial Valuation;
Approves $625 Million in Investments
The Board of the Pennsylvania State Employees’ Retirement System today adopted the composite employer contribution rate of 16% of payroll for fiscal year 2013-14. Sixteen percent is the rate established by a 2010 law known as “Act 120” ...

03/27/2013
Active Member Update:
Your 2012 Statement Has Mailed
Your commonwealth pension is a valuable part of your employment compensation. Even if you’re many years away from retirement, it’s important to understand your benefit and how it grows. Your member statement can help you do just that and your 2012 statement was mailed to you yesterday from Claysburg, PA ...

03/06/2013
PA SERS Reports Positive Investment Performance
Approves $700 Million in Investments
The Pennsylvania State Employees’ Retirement System today announced positive fourth quarter 2012 returns that helped the Fund achieve a 12% net-of-fees return on investments for calendar year 2012 and add more than $2.9 billion to the Fund ...

02/27/2013
SERS Officials Discuss Agency Budget and Operations During Budget Hearings
Release 2013 Supplemental Budget Information Book
Testifying before the State Senate and House Appropriations Committees today, SERS Board Chairman Nicholas J. Maiale, Executive Director David E. Durbin and Chief Investment Officer Anthony S. Clark will discuss the agency’s budget, operations and investments ...

02/05/2013
Member Update:
Possible Benefit Changes Mentioned In Governor’s Budget Address
Today, the Governor discussed specific changes to the state’s two largest pension systems – including SERS – in his annual budget address. SERS professionals are starting to analyze this proposal; we were not familiar with the assumptions the proposal was based on and it will take some time to perform an accurate, in-depth review ...

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