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Pennsylvania State Employees returns 11.1% in 2020 Print Pennsylvania State Employees Retirement System, Harrisburg, posted a net return of 11.1% for the year ended Dec. 31, the $34.5 billion pension fund announced. For the year ended Dec. 31, 2019, the pension fund had returned a net 18.8%. PennSERS portfolio reached $25.1 billion in late March amid the coronavirus pandemic, its lowest point during the year. Shortly thereafter, the board temporarily expanded the chief investment officer s authority to execute certain investment actions on the board s behalf for the rest of the year, which allowed the CIO to manage cash and adjust public market holdings, as needed. Seth A. Kelly, CIO of PennSERS, said in a news release announcing the pension fund s annual return that the past year brought an array of unprecedented challenges, mostly resulting from the COVID pandemic, before adding: Initially, the financial markets experienced a great deal of volatility, but managed to recov

United statesPenn state universityTerrillj sanchezSetha kellyPennsylvania state employee retirement systemDirector terrillஒன்றுபட்டது மாநிலங்களில்பென் நிலை பல்கலைக்கழகம்செத்தா கெல்லிபென்சில்வேனியா நிலை ஊழியர் ஓய்வு அமைப்புஇயக்குனர் டெரில்