Stewardship is a central concept at PERA. It’s a concept that
has tangible, observable outcomes when put into practice. This can mean
protecting member assets by reducing costs and being cost conscious. It can
mean advocating for fair, robust markets. It can mean integrating relevant
environmental, social and governance considerations that may be financially
PERA On The Issues has reported on stewardship before, including introducing the 2019 Stewardship Report, highlighting the ways in which PERA saves member dollars by lowering costs, and exploring the virtuous cycle a commitment to stewardship can create.
In the video below, PERA Executive Director Ron Baker and
Chief Investment Officer Amy McGarrity discuss these and other ways PERA approaches
this important topic.