The Board, consisting of fifteen members, is an independent administrative board of the Commonwealth. The members of the Board stand in a fiduciary relationship to the members of the Pennsylvania Public School Employees' Retirement System regarding the investments and disbursements of moneys of the Fund. The members of the Board, as trustees of the Fund, have exclusive control and management of the Fund and full power to invest the Fund.
The Board also performs other functions as are required for the administration and execution of the Public School Employees' Retirement Code such as certifying contribution rates, authorizing the actuarial valuation and independent audit of the System, and publishing an annual financial statement of the condition of the Retirement Fund. In addition, the Board reviews the activities performed by the System's Executive Director and Chief Investment Officer.
PSERS BOARD MEMBERS
PSERS BOARD COMMITTEES
These are the PSERS Board Committees as defined in the Statement of Organization, Bylaws, and Other Procedure of the Commonwealth of Pennsylvania Public School Employees Retirement Board, as adopted by the Board of Trustees on January 25, 1991, effective January 25, 1991, and amended April 16, 1999, October 29, 1999 and September 24, 2004.
PSERS BOARD POLICIES
The policies listed below have been promulgated and adopted by the Public School Employees Retirement Board for the administration of the Board and the System.