PSRS/PEERS News Archive
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.
Concern continues to grow across the nation about the spread of the novel coronavirus and the impact it is having on the financial markets and personal safety. PSRS/PEERS wants to emphasize to all our members that your retirement benefits remain secure.
The February 10, 2020 meeting of the Public School and Education Employee Retirement Systems of Missouri (PSRS/PEERS) Board of Trustees convened at 9 a.m. at the PSRS/PEERS office in Jefferson City, MO.
The Budget and Audit Committee of the Board of Trustees convened at 9 a.m. on Monday, December 9 in the Retirement System offices in Jefferson City, MO, with the regular session of the Board of Trustees meeting following at 9:30 a.m.
Sharon Kissinger of Poplar Bluff was appointed to the PSRS/PEERS Board of Trustees November 25, 2019 by Governor Mike Parson. Kissinger replaces Chuck Bryant, whose term had expired.
The PSRS/PEERS private real estate program was adopted by the Board of Trustees in January 2004, and the Systems began investing in private real estate in January 2005.
PSRS and PEERS received the Public Pension Coordinating Council's (PPCC) 2019 Public Pension Standards Awards for meeting professional standards in plan funding and administration.