PSERS authorizes proposed passive equity mandates with BNY Investments Mellon

The board authorized proposed passive U.S. equity and developed-markets ex-U.S. equity mandates with BNY Investments Mellon, benchmarked to the S&P 1500 and MSCI World ex-US. The resolution provides an initial allocation plan and a notification threshold for later rebalancing. Final terms remain subject to legal due diligence and office approval; this is not evidence of a completed transfer.