1602 Investment Management

ERISA Investments

Document purpose

To establish policies to govern the investment management of the University’s and Health System’s noncontributory defined benefit plans.

effective

December 1986

revised

April 2019

Reviewed

April 2020

Responsible Office

Investments

Approval

Trustees

The Policy

  1. The Chief Investment Officer, as designated by The Trustees of the University of Pennsylvania, is the Investment Fiduciary for the noncontributory defined benefit plans (Retirement Allowance Plan of the Hospital of the University of Pennsylvania, Presbyterian Medical Center, and The Pennsylvania Hospital).

  2. Investment policies, as established by the Investment Board, are on file in the Office of Investments.