PSRS/PEERS News
PSRS/PEERS 16.9% Investment Return More than Double the Target for Calendar Year
The Public School and Education Employee Retirement Systems of Missouri (PSRS/PEERS) finished 2013 on a very strong note, achieving an estimated 16.9% investment return for the calendar year - more than double the Systems' investment return goal of 8%. The strong investment returns also raised the value of PSRS/PEERS invested assets to an all-time high of over $36 billion.
|
Actual Investment Return |
16.9%* |
|
Return Goal |
8.0% |
*estimated
Using a well-diversified asset allocation built on both asset class returns and risks, with a flexible investment governance model and process, the PSRS/PEERS investment program continues to produce returns that meet or exceed objectives. Investment returns comprise more than 60% of the Retirement Systems' funding for benefits.
"We are pleased to provide strong investment earnings for our members," said Craig Husting, PSRS/PEERS Chief Investment Officer. He added, "We also feel it is very important that we achieved these results while taking less investment risk than the majority of comparable public pension funds in the nation."
PSRS/PEERS has achieved an annual investment return of 11.9% over the last five years. The market value of invested assets for PSRS/PEERS was approximately $36.2 billion on December 31, 2013, making the joint entity larger than all other public retirement plans in Missouri combined, and the 44th largest defined benefit pension plan in the United States.
PSRS/PEERS is dedicated to providing financially secure retirement benefits both now, and in the future, for over 126,000 active members and nearly 76,000 retirees.
PSRS/PEERS 16.9% Investment Return More than Double the Target for Calendar Year
The Public School and Education Employee Retirement Systems of Missouri (PSRS/PEERS) finished 2013 on a very strong note, achieving an estimated 16.9% investment return for the calendar year - more than double the Systems' investment return goal of 8%. The strong investment returns also raised the value of PSRS/PEERS invested assets to an all-time high of over $36 billion.
|
Actual Investment Return |
16.9%* |
|
Return Goal |
8.0% |
*estimated
Using a well-diversified asset allocation built on both asset class returns and risks, with a flexible investment governance model and process, the PSRS/PEERS investment program continues to produce returns that meet or exceed objectives. Investment returns comprise more than 60% of the Retirement Systems' funding for benefits.
"We are pleased to provide strong investment earnings for our members," said Craig Husting, PSRS/PEERS Chief Investment Officer. He added, "We also feel it is very important that we achieved these results while taking less investment risk than the majority of comparable public pension funds in the nation."
PSRS/PEERS has achieved an annual investment return of 11.9% over the last five years. The market value of invested assets for PSRS/PEERS was approximately $36.2 billion on December 31, 2013, making the joint entity larger than all other public retirement plans in Missouri combined, and the 44th largest defined benefit pension plan in the United States.
PSRS/PEERS is dedicated to providing financially secure retirement benefits both now, and in the future, for over 126,000 active members and nearly 76,000 retirees.
Retirement Planning
It's never too early to begin planning for retirement. How much do you know about your retirement plan and the benefits you are entitled to receive? Even though retirement may still be years away, there are things you can do right now to make sure you get the most from your PSRS membership.
Working After Retirement
Working at a PSRS/PEERS-covered employer after retirement can affect the payment of your retirement benefits. Make sure you understand the limits as they apply to your position.
PSRS/PEERS Funding
PSRS/PEERS' funding comes from three sources, member contributions, employer contributions and investment earnings. Investment earnings are the primary source of funding for every dollar of PSRS/PEERS benefits paid.
The Missouri Model
The "Missouri Model" is used in the retirement industry to describe our trust fund's operational model as the one others aspire to emulate. PSRS, as measured against all other large public retirement systems, is clearly one of, if not the top retirement system in the nation.
Benefits by County
As of December 31, 2019, over 97,000 individuals received benefits from PSRS/PEERS. Total annual benefits paid were more than $3 billion. Of this amount, more than $2.7 billion, or 89%, was distributed among Missouri's 114 counties, positively impacting the state's economy.
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