The $56 billion Pennsylvania Public School Employees’ Retirement System has reported that the pension fund earned an 8.78 percent return for the one-year period ended March 31, 2018.
“The investment markets have become much more volatile during this past quarter, but PSERS remains on track to produce another positive year above the earnings assumption of 7.25 percent,” said PSERS CIO James Grossman Jr.
Grossman also covered the system’s performance since the end of the Great Recession. PSERS outperformed a simple, cost-free global 60 percent stock/40 percent bond (60/40) index portfolio by an annualized 1.10 percent, net of all fees and expenses, since July 1, 2009.
PSERS also reported positive investment returns of 0.11 percent for the first quarter, 7.01 percent for the fiscal year-to-date, 6.93 percent for the five-year period, 4.76 percent for the 10-year period, 7.88 percent for the 25-year period, and 8.52 percent for the 30-year period, as of Marc
