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Employee Benefits

Retirement fund saw nearly $7 billion drop in asset value in 2022

March 07, 2023 Reprints

Despite strong market returns for the Pennsylvania State Employees’ Retirement System in the fourth quarter of 2022, it reported a 12% total investment loss for the year, Plansponsor reports. Weaker performance for 2022 ended a three-year streak of double-digit gains, including a 17.2% return the previous year.

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Retirement fund saw nearly $7 billion drop in asset value in 2022

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