PSERS Board of Trustees announced yesterday the retirement of Executive Director Jeffrey B. Clay, effective March 6, 2015. Clay has served as Executive Director of the $53 billion pension fund since October 2003. Prior to his tenure at the pension systems, Mr. Clay was a judicial law clerk at Commonwealth Court and spent 10 years in private practice with the law firm of McNees, Wallace and Nurick, specializing in real estate and appellate litigation. PSERS’ Board will conduct a national search for Clay’s replacement.

Source: PSBA Daily Edition, October 8, 2014.