PA State Capitol Building




Mailing Address

PO Box 61543
Harrisburg, PA 17106-1543


Shipping Address

300 Swatara Street

Dauphin, PA  17018-0765



James B. Allen
Executive Director
Phone: 717-460-8781

Douglas A. Bonsall

Director of Operations/Office Manager
Phone: 717-921-1957

James A. Perry
Executive Director Emeritus
Phone: 717-545-3901


PAPERS Brochure

2016 PAPERS Membership and Sponsor Fees

PAPERS Membership Application








10th Annual

Fall Workshop

Nov. 15-16, 2016

Philadelphia, PA

13th Annual


May 24-25, 2017

Harrisburg, PA








Participating Members | Affiliate Members | Associate Members | Join PAPERS


Welcome to PAPERS


The mission of the Pennsylvania Association of Public Employee Retirement Systems (PAPERS) shall be to encourage and facilitate the education of its membership in all matters related to their duties as fiduciaries overseeing the assets of the pension funds with which they have been entrusted.  It will be PAPERS' primary purpose to conduct an annual educational forum that provides the basis for improved financial and operational performance of the public employee retirement systems in the State. PAPERS will function as a central resource for educational purposes and act as a networking agent for all public plan staff and board members.

To learn more about PAPERS, please click here.




PAPERS' Most Recent Newsletter


Click here to access the August 2016 issue.


Click here for a conference registration form.

Click here for hotel details and driving directions.

Check back later for the conference agenda.




   From the Executive Director's Desk



Spring 2016 has sprung!  And while the hint of snow, wintery breezes and cold frosty nights have stayed a bit too long for my liking, I am taking note of the change in things that appear to be taking place – and I don’t just mean the weather in Harrisburg.  I feel like maybe, just maybe, things are starting to settle down a bit:

  • We have a 2015-2016 state budget.
  • We have an economy that is chugging along in a positive direction.
  • We have a market that for the first quarter of 2016 showed a positive return. 

BUT……….What we don’t have is a hint of movement in regards to public pension reform in Pennsylvania.

So you are not sure exactly how things are “settling down”?  Let me offer you a great – no, make that a spectacular - opportunity to assess the public pension plan environment.  Why not plan on attending PAPERS’ 12th Annual Forum set for May 25-26, 2016 at the Harrisburg Hilton?  While some sessions of the agenda are still tentative, allow me to mention just a few of the scheduled sessions and presenters:

  • How the General Assembly is Addressing Pension Reform by Rep. Stephen Bloom
  • A Discussion Regarding Public Pension Plans with Dr. Steve Herzenberg from the Keystone Research Center and Greg Mennis of The Pew Charitable Trusts
  • Success Strategies for Well-Funded Pension Plans presented by President and CEO of the Center for State and Local Government Excellence Elizabeth K. Kellar
  • The United States Presidential Election - Politics and the Economy

Panels and Presentations on “Best Practices” include:

  • PA County Guide to Pension Plan Best Practices
  • Helping To Get Your Employees Ready To Retire
  • Best Practices Associated With Corporate Governance
  • A Case Study: PSERS Board Meeting

Presentations regarding investment strategies and portfolio developments are also on tap.  Registration and additional details regarding the Forum can be found on this website or simply by clicking on the following links:

Let me simply encourage you to consider taking advantage of PAPERS’ mission and commitment to “…function as a central resource for educational purposes and act as a networking agent for all public plan staff and board members.”

And, while putting in plugs for PAPERS educational efforts, let me highlight the PAPERS’ sponsored 2016 webinar series.  While the complete schedule and assorted details for the year’s program can be found at, I have to acknowledge the unqualified success we had with the March presentation.  Asset Allocation & Allocation Studies was presented by Richard J. Hazzouri from the Hazzouri Group at Morgan Stanley.  You may access an audio recording of this presentation at or view a copy of the slides at


I am equally excited by our next presentation which will be presented by Elaina Spilove from UBS Institutional Consulting Group.  Ms. Spilove will be addressing Investment Guidelines.  I strongly encourage you to take forty five minutes out of your schedule to listen, learn, and ask questions about the topic of investment guidelines.  I promise you it will be well worth your time.

I look forward to connecting with you in April on the Webinar and seeing you in May at the Forum.

James B. Allen

PAPERS Executive Director



PAPERS' Next On-Line Webinar


Wednesday, Sept. 21, 2016 at 10:30 AM


A Closer Look at:

Domestic Fixed Income Instruments

Click here for more information about this session.


Presented by: Ryan Labs Asset Management

Sean McShea, President


This session and the two remaining for the year are part of a series of presentations featuring in-depth discussion about the attributes of various asset classes.  Questions to be addressed include:


  • What are the characteristics associated with the asset class?
  • What to expect from the class - volatility, risks, and historical returns? 
  • Types of managers and products associated with the asset class?
  • What the various style approaches mean to a portfolio?
  • How to get value from the class from active management?
  • What are the various and most appropriate benchmarks to use in evaluating an active manager?   


Advance registration to participate in this webinar is requested.

To register, please contact PAPERS in advance by e-mail:


Just Follow These Easy Steps to Connect to this Webinar

  • From your computer, click on:  Use your microphone and speakers (VoIP) - a headset is recommended.  Not at your computer?  Click the link to join this meeting from your iPhone®, iPad® or Android® device via the GoToMeeting app.

  • OR, Dial +1 (312) 757-3121 if you prefer to call in using your telephone or you do not have access to a computer with audio capability.  (Phone callers will not be able to see the on-line slides.)

  • Important information after you are connected:
         Access Code: 909-231-509
         Audio PIN: Shown after joining the meeting
         Meeting ID:

Questions answered/more information available from:
PAPERS Executive Director Jim Allen ( or 717-460-8781).





Throughout the year PAPERS provides on-line educational opportunities on retirement related topics open to all interested persons.  Subject matter experts present these webinars which can be conveniently accessed on your office or home computer.  Seven such webinars, each lasting 50-60 minutes, are planned for 2016.

The 2016 webinar series kicked off in March with an introductory overview of a public pension plan trustee’s investment responsibilities.  Each of the remaining six webinars for the year concentrate on a particular aspect of the investment responsibilities.  Dates, times and general topics have been selected and more details about specific speakers and log-in instructions will be provided in advance of each webinar.

September 21, 2016

10:30 a.m.   

A Closer Look at: Domestic Fixed Income Instruments

Materials prepared by and speaker provided by: Ryan Labs Asset Management

October 19, 2016

10:30 a.m.

A Closer Look at: International Equities

Materials prepared by and speaker provided by: Neuberger Berman

December 21, 2016

10:30 a.m.  

A Closer Look at: Alternative Investment Class – Real Estate, Private Equity, Hedge Funds and More

Materials prepared by and speaker provided by: Multi-Employer Property Trust


Watch this site for more details about each webinar!



12th Annual PAPERS Forum

May 25-26, 2016

The Hilton Hotel, Harrisburg


Click here for the final agenda of this conference


Click on this link to access most of the presentations given at this conference


Many thanks to these 2016 Forum Sponsors

  • Lead Sponsor
    • Graystone Consulting-Morgan Stanley

  • Platinum
    • BNY Mellon
    • Lord Abbett & Co.
    • T. Rowe Price
  • Gold
    • C.S. McKee, LP
    • Neuberger Berman
  • Silver
    • Delaware Investments
    • Kessler Topaz Meltzer & Check
    • NAREIT (National Association of Real Estate Investment Trusts)



Understanding Your Fiduciary Obligations


Click here to access this presentation given by PAPERS Executive Director Jim Allen at the Pennsylvania League of Municipalities (2-2016)







© PAPERS 2006 All rights reserved.

PAPERS, PO Box 61543, Harrisburg, PA 17106-1543