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Pennsylvania SERS taps Pension Benefit exec


The Pennsylvania State Employees’ Retirement Board hired Anthony Clark as chief investment officer. He will replace John Winchester, who is retiring from the pension fund.

Clark is currently deputy chief investment officer for the $65 billion investment programme for the Pension Benefit Guaranty Corporation in Washington, DC.

Clark said that Penn SERS – like other maturing pension systems – is facing increasing benefit payments in coming years and he will work with the board and staff to address liquidity needs while working through the funding challenges the system has faced for more than