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Public School and Education Employee Retirement Systems of Missouri (PSRS/PEERS)

The Public School and Education Employee Retirement Systems of Missouri (PSRS/PEERS) provide a significant and stable source of retirement, disability and survivor benefits to Missouri’s public school teachers, school employees and their families. PSRS and PEERS are Defined Benefit (DB) pension plans providing lifetime retirement benefits to qualified members based on a formula set by Missouri law. Missouri law requires the Systems to maintain a funding level that covers current and anticipated future benefit promises. This guarantees availability of funds to pay benefits as prescribed by law. Over the years, legislative changes have resulted in improved service retirement benefits, disability benefits and benefits for the beneficiaries of deceased members. As of June 30, 2021, with $56.8 billion (market value) in invested assets and serving more than 286,000 active members and retirees, PSRS/PEERS is one of the largest retirement systems in the nation. Since established, PSRS/PEERS has helped more than 148,000 Missouri public school employees and their families achieve financial security and peace of mind during retirement.

Country

United States

AUM ($B)

$57

Performance

28.7

Chief Executive

Dearld Snider

Chief Investment Officer

Craig Husting

Chair

Jason Steliga

Asset allocation

26.5% US Public Equity

3.8% Public Credit

9% Hedged Assets

16.6% non-US Public Equity

13.8% US Treasuries

1.4% US TIPS

2.1% Cash Equivalents

16.3% Private Equity

7.9% Private Real Estate

2.5% Private Credit

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