PSRS/PEERS News Archive
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.
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.
PSRS/PEERS Senior Portfolio Manager Dan Case has been named to CIO Magazine’s Class of 2020 NextGens list.
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.