Pennsylvania State Employees’ Retirement System (PennSERS) is one of the oldest and largest statewide public pension systems in the United States, managing retirement benefits and investing assets on behalf of current and former Pennsylvania state employees and beneficiaries. Founded in 1923, the system oversees tens of billions in assets across multiple plans, including a defined benefit plan, defined contribution plan, hybrid plan, and deferred compensation plan. As a disciplined institutional investor, PennSERS allocates capital across public and private markets — including private equity, infrastructure, real assets, and fixed income — to meet its long-term return objectives and sustai...
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