PERS selects MUFG Investor Services for securities lending
06 January 2025 US
Image: MochSjamsul/stock.adobe.com
The Public Employees’ Retirement System of Mississippi (PERS) has selected MUFG Investor Services for its securities lending services.
Established to provide retirement benefits for all state and public education employees, the PERS system administers a number of plans including the Mississippi Highway Safety Patrol Retirement System (MHSPRS), and the Supplemental Legislative Retirement Plan (SLRP).
As of 30 June 2024, the system’s defined benefit plans served a total of 368,333 members, including 120,711 retirees and beneficiaries. The net position restricted for pension benefits totalled US$34 billion.
Commenting on the announcement, Anthony Toscano, MUFG Investor Services’ head of global securities lending services in the Americas, says: “We are honoured to have been selected by Mississippi PERS, one of the largest retirement funds in the United States.
“We look forward to a long and mutually rewarding partnership.”
Established to provide retirement benefits for all state and public education employees, the PERS system administers a number of plans including the Mississippi Highway Safety Patrol Retirement System (MHSPRS), and the Supplemental Legislative Retirement Plan (SLRP).
As of 30 June 2024, the system’s defined benefit plans served a total of 368,333 members, including 120,711 retirees and beneficiaries. The net position restricted for pension benefits totalled US$34 billion.
Commenting on the announcement, Anthony Toscano, MUFG Investor Services’ head of global securities lending services in the Americas, says: “We are honoured to have been selected by Mississippi PERS, one of the largest retirement funds in the United States.
“We look forward to a long and mutually rewarding partnership.”
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