PSRS/PEERS Nominated for Large Public Plan of the Year by National Publication
JEFFERSON CITY, Mo. (May 10, 2010)
The Public School and Education Employee Retirement Systems of Missouri (PSRS/PEERS) is one of four systems nominated as the Large Public Plan of the Year by Institutional Investor magazine. According to the magazine, the 8th Annual Hedge Fund Industry Awards recognize institutional investors “whose innovation, savvy, achievements and contributions make them stand out among their peers.”
“We are pleased that our investment staff has been recognized among the best in the nation,” says Steve Yoakum, PSRS/PEERS Executive Director. “Our goal is to provide security and solid retirement benefits to our members. The PSRS/PEERS investment staff continues to skillfully navigate volatile markets and produce competitive returns at a lower level of risk than most large public pension plans throughout the country.”
PSRS/PEERS returned 23.4% on its investments for the one-year ended April 30. PSRS/PEERS has total assets of approximately $27.6 billion and is larger than all of the other public retirement plans in the state combined. The Systems provide retirement benefits for 220,000 active and retired Missouri teachers and school employees and pays approximately $150 million per month in retirement benefits to plan members.