PSRS/PEERS News Archive
The June 9, 2020 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. in the Retirement System offices in Jefferson City, MO, with the regular session of the Board of Trustees meeting following at 10 a.m.
PSRS/PEERS congratulates Dr. Melinda Moss and Dr. Kyle Collins on their recent election to the Board of Trustees. Both are active PSRS members who will serve four-year terms as Trustees effective July 1, 2020 through June 30, 2024.
Official ballots for the 2020 Board Election mailed from an outside election service via First Class mail on April 23.
PSRS and PEERS have weathered many challenging investment environments in the last 75 years, including the stock market crash of 1987, the bursting of the dot-com bubble in the early 2000’s, the 9/11 attacks in 2001 and the Global Financial Crisis (GFC) in 2007 and 2008. However, as we move further into the coronavirus pandemic, it is evident that this event is different.
Two positions on the PSRS/PEERS Board of Trustees are up for election. PSRS/PEERS utilizes an outside election services company, which will mail all eligible PSRS/PEERS members and retirees a voting ballot on April 23.
The April 6, 2020 meeting of the Public School and Education Employee Retirement Systems of Missouri (PSRS/PEERS) Board of Trustees convened via videoconference at 9 a.m.
During these unprecedented times, organizations are asking themselves, “Are we positioned to continue to serve our customers; remain operational?” Many are not. PSRS/PEERS most definitely is. We are operational. We are serving our members and employers. We will pay retirement benefits on time.
Stock markets throughout the world have declined rapidly in 2020 due to a stunning confluence of events: the spread of the COVID-19 virus (coronavirus), a global price war over oil and the threat of a global recession. Stock markets have generally declined close to 35% in the last six weeks.
In recent weeks, the COVID-19 virus (more commonly referred to as “the coronavirus”) has spread throughout the world. If the rate of spread in the United States is comparable to that of other nations, the number of reported cases in the U.S. could increase substantially in the next few months.
As the world continues to monitor the changes and impact of the Coronavirus, PSRS/PEERS is proactively putting procedures in place to protect the health and well-being of our members and staff; and to ensure monthly retirement benefits are paid on time.