Investments

The primary goal of the PSRS/PEERS investment program is to ensure that the Retirement Systems are financially stable, and that all members receive the financial security they have earned through their hard work and dedication to Missouri's educational system.

The PSRS/PEERS investment portfolio is made up of member and employer contributions to the plans and investment earnings on those assets. Investment earnings are used to pay current and future benefits to members and their families.

The PSRS/PEERS Investment Program:

  • We are a long-term investor.
  • We manage your assets with closely monitored levels of risk, in a diversified portfolio structured to withstand short-term shocks to the markets, yet positioned to provide consistent asset growth over time.
  • Our long-term goal is to achieve a total investment return of at least 7.5% per year.

Learn More About the PSRS/PEERS Investment Program

Investment Returns

Investment returns as of March 31, 2018

The Board has established a long-term objective to achieve a total investment return of at least 7.5% per year and a real rate of return of at least 5.25% per year.

Asset Allocation

Asset Allocation as of March 31, 2018

The time horizon of the Systems' investment portfolio reflects the long-term nature of the PSRS/PEERS pension obligations. Accordingly, diversification among investments displaying unique risk and return characteristics provides the framework for selecting an asset allocation that is expected, in the aggregate, to give the funds the highest long-term return within a prudent risk level.

Growth in Assets

Growth in Assets over time

The total assets for the combined Systems stood at $41.7 billion as of December 31, 2018 compared to $43.8 billion at the beginning of the 2019 Fiscal Year (July 1, 2018). The long-term growth in assets since the inception of PSRS in 1946 and PEERS in 1965 is shown in the graph above.