The Pennsylvania State Employees’ Retirement System (PA SERS) approved adjustments to their U.S. Equity and Fixed Income asset allocation targets, confirmed in a recent press release.
PA SERS moved to increase their asset allocation to U.S. Equity by 3%, bringing it up to 34%.
As a result, the fixed income policy target was decreased by 3% to 2%.
As of December 31, 2023, the Retirement Fund has a market value of $36.4 billion.
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