PSRS/PEERS Named as Finalist for Prestigious National Pension Industry AwardJEFFERSON CITY, MO (January 26, 2011)
The Public School and Education Employee Retirement Systems of Missouri (PSRS/PEERS) is proud to announce that it is one of three finalists nominated for the 2011 PLANSPONSOR magazine Plan Sponsor of the Year award, in the Public Sector – Defined Benefit Pension category.
Each year, the editors of PLANSPONSOR magazine, the industry’s leading resource for pension and benefits related news, recognize plan sponsors that “demonstrate leadership in providing a more secure retirement for workers.”
“We are committed to providing our members financial security and solid retirement benefits,” says Steve Yoakum, PSRS/PEERS Executive Director. “I am pleased and excited that our use of innovative investment strategies has produced competitive returns with less risk than most large public pension plans. At the same time, we have incorporated new technology to provide an even higher level of excellence in member service. It is an honor to be recognized for those accomplishments on a national level by PLANSPONSOR.”
As a finalist, PSRS/PEERS will be recognized at PLANSPONSOR’s Annual Awards for Excellence dinner in New York on March, 24, 2011, and will be featured in the March issue of PLANSPONSOR magazine. The winner of the award will be announced in early March.
PSRS/PEERS provides service retirement, disability, and survivor benefits for more than 130,000 active members and over 63,000 retired Missouri public school teachers, school employees, and their families. The total estimated assets of both PSRS and PEERS were approximately $29.1 billion as of December 31, 2010, making the combined entity larger than all other public retirement plans in the state combined, and the 44th largest defined benefit plan in the United States.