PSRS/PEERS Nominated for Large Public Plan of the Year Award
JEFFERSON CITY, Mo. (December 27, 2010)
PSRS/PEERS is proud to announce we are one of three finalists nominated for the Large Public Plan of the Year Award by Institutional Investor's Money Management Letter. The award recognizes the people and organizations across the public pension industry that have excelled in their profession during the previous year.
According to Money Management Letter, criteria for the nominees for the Public Fund category are leaders by example of the "best-run funds in performance and investment decisions." Their investment officer(s) and board members have demonstrated "investment expertise and savvy through the use of managers/consultants, the implementation of innovative investment strategy changes, and by having met the fund's overall goals."
"We are pleased that PSRS/PEERS 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 and PEERS generated 13.0% and 12.7% returns, respectively for the fiscal year ending June 30, 2010, exceeding the actuarially assumed rate of return of 8.0%.
Nominees in the large public pension fund category have in excess of $10 billion under management. The winner of the award will be announced on March 13, 2011, in Huntington Beach, CA.