PSRS/PEERS News Archive
December 2020 Board Meeting
The Budget and Audit Committee of the Board of Trustees convened at 8:30 a.m. Monday, December 7 via teleconference, with the regular session of the Board of Trustees meeting following at 9:45 a.m.
Dearld Snider Named Executive Director of PSRS/PEERS
Dearld Snider has been named executive director of the Public School and Education Employee Retirement Systems of Missouri (PSRS/PEERS) effective December 1, 2020.
PSRS and PEERS Receive National Public Pension Standards Awards for Funding and Administration
PSRS and PEERS received the Public Pension Coordinating Council's (PPCC) 2020 Public Pension Standards Awards for meeting professional standards in plan funding and administration.
October 2020 Board Meeting
The Public School and Education Employee Retirement Systems of Missouri (PSRS/PEERS) Board of Trustees convened on October 26, 2020 at 8:30 a.m.
Board Approves 2% Cost-of-Living Adjustment effective January 2021; Contribution Rates Unchanged for Next School Year
At the October 26, 2020 PSRS/PEERS Board of Trustees meeting, the Board voted to grant a 2% cost-of-living adjustment (COLA) for eligible benefit recipients effective January 1, 2021. They also voted to maintain the current active member and employer contribution rates at their current levels for the upcoming school year.
August 2020 Board Meeting
The August 31, 2020 meeting of the Public School and Education Employee Retirement Systems of Missouri (PSRS/PEERS) Board of Trustees convened at 8:30 a.m.
PSRS/PEERS Executive Director M. Steve Yoakum Announces December Retirement
After 43 years in the pension industry and 22 years serving as the executive director of the Public School and Education Employee Retirement Systems of Missouri (PSRS/PEERS), M. Steve Yoakum announced today he plans to retire, effective December 1, 2020.
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 2019 Comprehensive Annual Financial Report. The Certificate of Achievement is the highest form of recognition in the area of governmental accounting and financial reporting.
DESE Announces Governor’s Approval of Their Request to Temporarily Waive Work Limits for Retirees During Current State of Emergency
On August 7, 2020 the Missouri Department of Elementary and Secondary Education (DESE) announced that in order to help alleviate the potential shortage of substitute teachers and/or school support staff members during the 2020-2021 school year, Governor Parson approved their request to temporarily waive portions of the state statutes that limit the number of hours worked and salary earned by retirees while working for a covered employer in a temporary position.
PSRS/PEERS Achieves Fourth Highest Public Pension Private Equity Return
Private equity was the best performing asset class for public pensions, and PSRS/PEERS’ private equity program had the 4th highest return out of 176 public pension plans surveyed.