PSRS/PEERS News Archive

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August 2021 Board of Trustees Meeting Summary

The Public School and Education Employee Retirement Systems of Missouri (PSRS/PEERS) Board of Trustees convened on August 29 and 30, 2021 at the PSRS/PEERS headquarters in Jefferson City, MO.

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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 2020 Annual Financial Report.

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Working After Retirement Limit Waiver Extended through December 31, 2021

In August 2020, Governor Parson approved a request from the Missouri Department of Elementary and Secondary Education (DESE) to temporarily waive portions of the state statutes that limit the number of hours worked and amount of salary earned by retirees working for covered employers in temporary, part-time or substitute positions.

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PSRS/PEERS Private Equity Program Among Top Performers in U.S.

The ranking is based on private equity investment returns for a 10-year period ending June 30, 2020.

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PSRS/PEERS Welcomes Dr. Eric Park to Board of Trustees

Governor Mike Parson has appointed Dr. Eric Park to the PSRS/PEERS Board of Trustees, effective July 2, 2021.

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June 2021 Board Meeting

The June 8, 2021 meeting of the Budget and Audit Committee of the Public School and Education Employee Retirement Systems of Missouri (PSRS/PEERS) Board of Trustees convened at 8 a.m. at the Hilton Promenade in Branson, Missouri, with the regular session of the Board of Trustees meeting following at 9:30 a.m.

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PSRS/PEERS Names Stacie Verslues Director of Employer Services

Stacie Verslues, of Jefferson City, MO, has been named director of employer services for the Public School and Education Employee Retirement Systems of Missouri (PSRS/PEERS) effective June 1, 2021.

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Legislative Session Ends, No Bills with Direct Impact on PSRS/PEERS Passed

The 2021 Missouri Legislative Session ended on Friday, May 14 with no bills passing that directly impacted PSRS/PEERS. Legislation had been introduced that would have made changes to some working after retirement limits and Critical Shortage Employment, as well as a provision that would have allowed PSRS members with 32 or more years of service to retire with a higher benefit factor.

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April 2021 Board Meeting

The Public School and Education Employee Retirement Systems of Missouri (PSRS/PEERS) Board of Trustees convened on April 11 and April 12, 2021.

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Working After Retirement Limit Waiver Extended through August 31

On March 26, Governor Mike Parson signed an executive order extending the state of emergency in Missouri through August 31, 2021. Because the current waiver of work limits for PSRS and PEERS retirees is tied to the duration of the state of emergency, that waiver is also extended through August 31, 2021.