PA SERS Board Approves Policies for Governance Manual
The board of the Pennsylvania State Employees’ Retirement System, during its meeting today, approved several key policies for a comprehensive governance manual and approved the investment policy and default investment option for the defined contribution plan to launch in 2019. The governance manual is the product of a multi-year project to evaluate board structure and policies, as well as industry best practices, and to establish an enhanced framework for the board’s structure, committees, duties, and responsibilities. The board engaged Funston Advisory Services, LLC, to conduct the review and its 2016 report became the basis for the governance manual. The policies adopted today will be effective immediately.
To view the press release click here: http://sers.pa.gov/pdf/Press_Releases/2018-09-12-BoardMtgRelease.pdf
