PSRS/PEERS News Archive

a close-up photo of the word legislation from a dictionary listing

Legislature Passes Bill Regarding Work Limits Waived on Post-Retirement Substitute Teaching; Bill Awaits Governor’s Signature

On May 12, 2022 the Missouri legislature passed Senate Bill 681, which includes a provision that waives the working after retirement limits on part-time or temporary-substitute work performed by PSRS/PEERS retirees as substitute teachers for covered employers or third-party providers.

Michael Moorefield, PSRS/PEERS Legislative Director

PSRS/PEERS Welcomes Michael Moorefield as Director of Legislation and Policy

Moorefield replaces Maria Walden, who left PSRS/PEERS in January to take the position of Missouri Retired Teachers Association (MRTA) Executive Director.

2022 Board of Trustees Election Jason Steliga (left) and Allie Gassmann (right)

Steliga Retains Seat on PSRS/PEERS Board of Trustees; Gassmann Joins as Newest Trustee

Incumbent Board member Jason Steliga, whose current term on the Board ends June 30, 2022, and Allie Gassmann of Columbia, MO, will begin four-year terms as trustees starting July 1, 2022 and serve through June 30, 2026.

April 11, 2022 Board of Trustees Meeting

April 2022 Board of Trustees Meeting Summary

The Public School and Education Employee Retirement Systems of Missouri (PSRS/PEERS) Board of Trustees convened on April 10 and April 11, 2022.

PSRS/PEERS Multi-purpose room

PSRS/PEERS Proactively Addressing Investments with Russia

The Public School and Education Employee Retirement Systems of Missouri (PSRS/PEERS) held a special Board meeting today to update the Board on the proactive measures being taken regarding the Systems’ current exposure to Russian securities.

Board of Trustees Chair Jason Steliga and Executive Director Dearld Snider discuss the agenda at the February 7, 2022 Board of Trustees meeting

February 2022 Board of Trustees Meeting Summary

The Public School and Education Employee Retirement Systems of Missouri (PSRS/PEERS) Board of Trustees convened on February 7, 2022, at 8:30 a.m.

DESE-announce

Working After Retirement Limits Back in Effect as of January 1, 2022

The temporary waiver of working after retirement limits will expire December 31, 2021. Full school year working after retirement limits on hours and salary will once again apply effective January 1, 2022.

December-6-2021_board-meeting

December 2021 Board of Trustees Meeting Summary

The Budget and Audit Committee of the Board of Trustees convened December 6, 2021 at 8:30 a.m. with the regular session of the Board of Trustees meeting following at 9:45 a.m.

2021 Public Pension Coordinating Council award certificates for funding and administration

PSRS and PEERS Receive National Public Pension Standards Awards for Funding and Administration

PSRS and PEERS received the Public Pension Coordinating Council's (PPCC) 2021 Public Pension Standards Awards for meeting professional standards in plan funding and administration.

Board Approved Funding Policy image

Board Approves 5% Cost-of-Living Adjustment Effective January 1, 2022

At the October 25, 2021 PSRS/PEERS Board of Trustees meeting, the Board voted to grant a 5% cost-of-living adjustment (COLA) for eligible benefit recipients effective January 1, 2022.