The PA State Employees’ Retirement System Thursday announced a 3.4 percent return on investments for the third quarter of 2016, resulting in a 5.4 percent return and earnings of $1.8 billion net of fees for retirement benefits for the calendar year ended September 30.
“The hard work of SERS’ investment team to rebalance its portfolio over the past year has produced positive results for the fund,” explained Chief Investment Officer Bryan Lewis. “Recent absolute and relative performance in Global Public Equity, Real Estate, and Fixed Income have positively contributed to the fund’s long-term performance. SERS has returned 7.4 percent and 8.7 percent over the past trailing 20 and 30-year periods ending September 30, respectively. The SERS investment team will continue to strive for the highest investment returns at the best value for SERS’ members.”
The board adopted the 2017-2019 SERS Strategic Business Plan that establishes the agency’s strategic goals and lays out a plan for both the benefit administration and investment operations. Establishing a combined plan was a recommendation from the agency’s recent governance review.For more information on returns, visit the PSERS’ Investment Program webpage.