PSRS/PEERS News Archive
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.
PSRS/PEERS Senior Portfolio Manager Ben Frede Recognized by Institutional Investor Magazine
PSRS/PEERS Senior Portfolio Manager Ben Frede has been named by Institutional Investor magazine as one of its 2022 Ten Rising Stars.
Work Limits Waived on Post-Retirement Substitute Teaching from July 1, 2022 through June 30, 2025
On July 1, 2022, Governor Mike Parson signed legislation 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 between July 1, 2022 and June 30, 2025.
June 2022 Board of Trustees Meeting Summary
The Public School and Education Employee Retirement Systems of Missouri (PSRS/PEERS) Board of Trustees convened on June 5 and June 6, 2022.
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.
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.
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.