Pennsylvania State Employees Retirement System, Harrisburg, may conduct an asset-liability study of the $20.3 billion pension fund within the next year, said Nicholas Maile, board chairman. The system rehired consultant Rocaton Investment Advisors earlier this year, and an asset-liability study is often conducted "within the first year of a (consultants) contract, he said.
Separately, the system hired Great-West Benefit Services as administrator of its $896 million 457 plan, replacing CitiStreet, after hearing presentations from Great West and Nationwide Retirement Solutions. CitiStreets contract ends in July; it rebid but was not chosen because fees were too high, Mr. Maile said.
Shoreview Capital also will be interviewed at the boards April 23 board meeting for a possible $40 million private equity commitment.