A Moment with MOSERS February 2023
The MOSERS Board of Trustees met for their regular quarterly meeting on February 17, 2023. Since the official minutes of that meeting won't be available until after they are approved at the next quarterly board meeting, we are providing this summary in order to get information to you more quickly. Please watch the video above and read the information below to learn more.
Welcome to this edition of A Moment with MOSERS!
On February 17th, the MOSERS Board met for their first board meeting of 2023. The first order of business was the election of officers. Crystal Wessing was re-elected as Board Chairwoman and Jenny Jacobs was elected as Vice Chair. Congratulations to Crystal and Jenny. Thank you for your willingness to serve in these very important roles! Also, thank you to Gary Metzger for serving as Vice Chair from June 2018 until February 2023.
At the meeting, we also welcomed Senator Rusty Black who previously served as a MOSERS Board Trustee while he was a member of the Missouri House of Representatives. We also welcomed our new State Treasurer, Vivek Malek, who, as State Treasurer, is an ex-officio member of the MOSERS Board.
At the meeting, the Board heard reports from the Audit Committee, the Investment Committee, and the Strategic Planning and Governance Committee.
Next, staff presented a quarterly update on MOSERS' investment program. While MOSERS is a diversified investor focusing on long-term investment performance, the Board does receive quarterly updates from staff and the board investment consultant. For the quarter ending December 31st, the MOSERS investment return was 4%. On a FYTD basis, the portfolio returned negative 3%.
With the General Assembly being in session, staff provided an update to the Board on the status of legislative bills we are currently monitoring and an update on the appropriations process. The legislative session ends on May 12th. You can follow any bills that might impact MOSERS on our Legislation page. Each week, we post an updated legislative status report for your information.
Along with the remainder of the legislative session, there are a number of activities coming up this spring and summer that I'd like to bring to your attention.
We will be sending out Annual Benefit Statements to active employees in March. We will notify you when we have posted your statement in your Document Express online mailbox. Be sure to log in to myMOSERS and review this important summary of your benefits!
April is MOSERS Month for active state employees. The theme this year is, "MOSERS Month: Pension Possible!" Watch your email and join in on some fun videos that will feature actions you can take to help you accomplish your own retirement mission!
Wherever you are in your career, we have webinars and seminars tailored to your career stage to help you learn more about your MOSERS benefits. Go to our Education page and check out our New to MOSERS, Mid-Career, and Ready to Retire options. Daytime and evening sessions are available for all education sessions.
As always, you can contact one of our benefit counselors by phone or email for more information about your benefits.
Thank you for watching this edition of A Moment with MOSERS. Have a great day!