PSRS/PEERS News Archive
Michael Moorefield Named PSRS/PEERS Chief Counsel
Michael Moorefield, of Columbia, MO, has been named chief counsel for the Public School and Education Employee Retirement Systems of Missouri (PSRS/PEERS) effective January 4, 2023.
Sarah Swoboda Named PSRS/PEERS Chief Operating Officer
Sarah Swoboda, of Jefferson City, MO, has been named chief operating officer for the Public School and Education Employee Retirement Systems of Missouri (PSRS/PEERS) effective December 19, 2022.
Chief Investment Officer Craig Husting Makes List of 2022 Top Pension Officers
Trusted Insight has named PSRS/PEERS Chief Investment Officer Craig Husting to their list of 2022 Top Pension Chief Investment Officers.
December Board of Trustees Meeting Summary
The Budget and Audit Committee of the Board of Trustees convened at 8:30 a.m. with the regular session of the Board of Trustees meeting following at 10:15 a.m. A summary of the meeting is available here.
Contribution Rates Unchanged for 2023-2024 School Year
At the October 24, 2022 PSRS/PEERS Board of Trustees meeting, the Board voted to maintain PSRS and PEERS active member and employer contribution rates at their current levels for the upcoming school year. The 2023-2024 school year runs from July 1, 2023 to June 30, 2024.
PSRS and PEERS Receive National Public Pension Standards Awards for Funding and Administration
PSRS and PEERS received the Public Pension Coordinating Council's (PPCC) 2022 Public Pension Standards Awards for meeting professional standards in plan funding and administration.
October 2022 Board of Trustees Meeting Summary
The Public School and Education Employee Retirement Systems of Missouri (PSRS/PEERS) Board of Trustees convened on October 23 and 24, 2022.
Eligible Benefit Recipients to Receive 5% Cost-of-Living Adjustment Effective January 1, 2023
The total increase in the CPI-U for the 12 months in fiscal year 2022 (July 1, 2021 to June 30, 2022) was 9.06%. Missouri law states that a 5% COLA must be granted when the CPI-U equals or exceeds 5%. Missouri law also states that 5% is the maximum COLA allowed, therefore 5% is the highest COLA the board can provide in any given year.
August 2022 Board of Trustees Meeting Summary
The Public School and Education Employee Retirement Systems of Missouri (PSRS/PEERS) Board of Trustees convened on August 28 and 29, 2022.
PSRS/PEERS Receives Award for Excellence in Financial Reporting
PSRS/PEERS was awarded the Certificate of Achievement for Excellence in Financial Reporting from the Government Finance Officers Association of the United States and Canada (GFOA) for the Systems’ fiscal year 2021 Annual Comprehensive Financial Report.