The Board of Trustees of the Pennsylvania Public School Employees’ Retirement System (PSERS) has voted to approve the 2024-25 fiscal year audited financial statements, considered the Investment Performance Review for the period ending June 30, 2025, and authorized two additional investment commitments.
The unmodified independent auditor’s opinion on the 2024-25 fiscal year audited financial statements affirmed that the financial statements “present fairly, in all material respects, the fiduciary net position of PSERS.” The statements show that between fiscal year 2024-25 and fiscal year 2023-24:
The net position increased by 8.2 percent to $83.7 billion.
The fair value funded ratio increased 5.3 percent to 68 percent.
The employer net pension liability decreased by about 7 percent to $38.3 billion.
“The 2024-25 fiscal year audited financial statements reflect PSERS’ solid fiscal position and continued progress toward lo
