# Pennsylvania Public School Employees' Retirement System

Pennsylvania Public School Employees' Retirement System is a Pension Fund based in Harrisburg, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Harrisburg, United States
- **Region:** North America
- **Address:** 5 North 5th Street, Harrisburg, PA, United States
- **Founded:** 1917
- **Assets under management:** Undisclosed
- **Website:** pa.gov
- **LinkedIn:** https://www.linkedin.com/company/papsers

## Regulatory record

- **Reports private funds:** No

## About

PSERS is the Pennsylvania Public School Employees' Retirement System. It was established in 1917. PSERS oversees a statewide defined benefit pension plan for public school employees in Pennsylvania; the plan expanded in 2017 to include defined benefit and defined contribution components and serves over 500,000 active, annuitant, and vested inactive members.

## Sectors

- Real Estate
- Private Equity
- Infrastructure
- Private Credit

## People

- Uri Monson — Executive Director
- Benjamin L. Cotton — Chief Investment Officer
- Richard Vague — Chair of the Board of Trustees

## Questions

### Who runs investment decisions at Pennsylvania Public School Employees' Retirement System?

Benjamin L. Cotton serves as Chief Investment Officer. The Board of Trustees, chaired by Richard Vague, sets policy and approves major allocations.

### Does Pennsylvania Public School Employees' Retirement System participate in fund commitments or only direct deals?

The system commits to limited partnership vehicles including Apollo Investment Fund VIII and Insight Partners XIII. It also holds direct real estate assets such as YES! Communities.

### What investment stages does Pennsylvania Public School Employees' Retirement System typically target?

Commitments cover buyout, growth, venture, and secondaries strategies through fund vehicles. Direct holdings focus on operating real estate and infrastructure assets.

### Which sectors does Pennsylvania Public School Employees' Retirement System allocate to most heavily?

Private equity, real estate, and infrastructure represent core allocations. Public equity positions include holdings in Adobe, Amazon, and Microsoft.

### How is Pennsylvania Public School Employees' Retirement System related to the Commonwealth of Pennsylvania?

It operates as a statewide public pension plan under the oversight of a Board of Trustees that includes the State Treasurer as an ex officio member.

### Where does the underlying capital for Pennsylvania Public School Employees' Retirement System originate?

Contributions come from public school employers and employees across Pennsylvania under a defined benefit and defined contribution framework established by state statute.

## Related profiles

- [NJ Division of Investment](https://altss.com/profile/nj-division-of-investment)
- [Banque Degroof Petercam](https://altss.com/profile/banque-degroof-petercam)

---

Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/pennsylvania-public-school-employees-retirement-system

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology