PA PSERS Board of Trustees Announces New Committee Chair and Vice Chair Assignments

HARRISBURG, PA – Committee members of the Board of Trustees of the Pennsylvania Public School Employees’ Retirement System (PSERS) met Wednesday to vote on new committee chair and vice chair assignments.

 

The meeting was conducted as part of a recent governance review report conducted by Funston Advisory Services LLC (FAS).  Recommendations included reducing the number of committees, trimming the size of some committees, and allowing the members of the committees to vote among themselves for committee chair and vice chair.

 

The following trustees were elected by their respective committees to terms ending December 31, 2023. 

 

• Mel Vogler – Chair of the Benefits & Appeals Committee

• Ann Monaghan - Vice Chair of the Benefits & Appeals Committee

 

• Rep. Frank Ryan – Chair of the Defined Contribution Plan Committee

• Secretary Richard Vague – Vice Chair of the Defined Contribution Plan Committee

 

• Sen. Pat Browne – Chair of the Finance & Actuarial Committee

• Eric DiTullio – Vice Chair of the Finance & Actuarial Committee

 

• Sue Lemmo – Chair of the Health Care Committee

• Jason Davis – Vice Chair of the Health Care Committee

 

On March 11, the Board voted to move from 10 committees to seven. Wednesday’s votes concluded the seven committees’ chair and vice chair selection process. Last week, the chairs and vice chairs of three other committees were named. The board will continue reviewing the Funston recommendations included in the report. 

 

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PSERS, founded in 1917, began operations in 1919 to oversee a statewide defined benefit pension plan for public school employees. PSERS' role expanded upon the passage of Act 5 of 2017 to include oversight of two new hybrid options consisting of defined benefit and defined contribution (DC) components and a stand-alone DC plan. As of Dec. 31, 2021, PSERS had net assets of $75.1 billion and a membership of about 248,000 active, 242,000 retired school employees and 26,000 vested inactive members.