Pennsylvania PSERS clocks 1.1 percent return for fiscal year
Preliminary investment data shows the Pennsylvania’s Public School Employees’ Retirement System (PSERS) shows the pension fund’s net annual return was 1.13 percent for the 2019–2020 fiscal year, resulting in a net investment gain of approximately $1 billion for the fiscal year ending June 30.
Pennsylvania PSERS’ net position fell by $105 million (0.18 percent) to $59 billion between June 30, 2019, and June 30, 2020.
In addition, PSERS’ preliminary net annualized return during the 10 years ended June 30, 2020, was 7.70 percent, exceeding the fund’s long-term investment goal of 7.25 percent.
“While the one-year investment returns were negatively impacted by the effects COVID-19 had on the capital markets, the fund’s 10-year net returns exceeded the actuarial investment return assumption,” said Glen Grell, executive director of PSERS. “In addition, the ongoing commitment of the Governor and the General Assembly to fund the full actuarially req