Proposed Legislation Could Have Negative Impact on PSRS/PEERS Investments
April 23, 2014
On Thursday, April 17, Senate Bill (SB) 672 was amended in the Missouri House General Laws Committee to include several provisions, which could negatively impact the Public School and Education Employee Retirement Systems of Missouri (PSRS/PEERS). Section 105.690 of Missouri law currently requires all public pension plans (including PSRS/PEERS) to give preference to a Missouri-based company when they hire or invest funds in a venture capital firm, a consultant or a fiduciary. The current process allows the Board to have the flexibility to invest in the best investment programs without being limited. read more»
McClintic and Hoffman Re-Elected to the PSRS/PEERS Board of Trustees
4-16-2014
Incumbent Board members Susan McClintic and Jason Hoffman, whose current terms on the Public School and Education Employee Retirement Systems of Missouri (PSRS/PEERS) Board of Trustees end June 30, 2014, were the only individuals to file for two open Board seats. Since they were the only two candidates certified for the vacancies, they were automatically elected. read more »
More News...
- PSRS/PEERS Executive Director Honored by Missouri Association of School Administrators (MASA)
- PSRS/PEERS 16.9% Investment Return More than Double the Target for Calendar Year
- Contribution Rates to Remain at Current Levels for Fourth Consecutive School Year
- Retirees Beware: Pension Advance Fraud
- PSRS/PEERS Fiscal Year 2012-2013 Investment Returns Exceed Goal, Add Over $3.6 Billion in Assets
- Retiree Cost-of-Living Adjustment Set at 2% for January 2014