PSRS/PEERS 16.9% Investment Return More than Double the Target for Calendar Year

Market Value of Invested Assets Reaches Record High of Just Over $36 Billion, as of December 31, 2013.

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.

2013 PSRS/PEERS Investment Return

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.

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