Pennsylvania State Employees’ names executive director as returns climb

Pennsylvania State Employees’ Retirement System, Terrill Sanchez, private equity, pension fund
Photo of Terrill Sanchez courtesy Pennsylvania state employees’ pension system
  • Terrill Sanchez joins the fund
  • Penn. SERS more than doubled its investment returns in 2017
  • Private equity returns 12.8 pct
Terrill Sanchez will join Pennsylvania State Employees’ Retirement System as executive director, succeeding David Durbin, who retired earlier this year. The state employees’ pension has a $4.1 billion private equity portfolio, which accounted for 15.7 percent of its total fund in 2016. ...

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