Asset Owner Directory

Pennsylvania Public School Employees’ Retirement System

Since 1917, PSERS has been serving the public school employees of the Commonwealth of Pennsylvania. The number of individuals we serve has grown from 37,000 in 1919 to more than 500,000 today. Balancing stability and growth through prudent investment policies, PSERS’ assets have grown from $6 billion in 1982 to approximately $65.9 billion as of March 31, 2021. PSERS was created as a defined benefit plan; a qualified trust under Section 401(a) of the Internal Revenue Service Code. PSERS’ role expanded upon the passage of Act 5 of 2017 to include oversight of two new hybrid options consisting of defined benefit and defined contribution (DC) components and a stand-alone DC plan. To serve the increasingly complex retirement needs of our members, PSERS continues to initiate and to expand its active and retired member programs and to enhance return through a safe yet agile investment policy.


United States

AUM ($B)




Chief Executive

Glen Grell

Chief Investment Officer

Robert Devine


Chris Santa Maria

Asset allocation

26% Common and Preferred Stock

10% Collective Trust Funds

8% Real Estate

24% Alternative Investments

13% Short-term

19% Fixed Income related articles