Treasurer Torsella Praises PSERS Board for Adopting Cost Saving and Supplemental Retirement
"I am pleased that the PSERS Board is supporting these actions in order to provide long-term savings to
The PSERS board unanimously adopted three resolutions presented by Torsella directing PSERS to develop a plan to reduce external investment fees over a three-year period; identify shared operational cost savings opportunities and efficiencies with its sister pension board (SERS); and explore the expansion of supplemental retirement savings opportunities for all public school employees.
The resolution comes after
"I applaud Treasurer Torsella for his leadership in working with me to bring reform and savings to our pension system. The evidence is clear that passive investment can yield similar or even better returns than
"While PSERS already invests 37 percent of our
Executive director of PSERS,
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