The MOSERS Board of Trustees met for their regular quarterly meeting on February 21, 2025. 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 21, the MOSERS Board met for the first quarter meeting of 2025.

The first order of business was the election of officers. Crystal Wessing was re-elected as Board chairwoman, and Jenny Jacobs was re-elected as vice chair. Congratulations to Crystal and Jenny and thank you for your willingness to serve!

Most of the time at this quarter’s meeting was dedicated to the MOSERS investment program. As part of monitoring the long-term investment performance, the Board heard an update on the financial markets and economy and reviewed the MOSERS portfolio performance.

As of December 31, the trust assets were $9.3 billion and the portfolio has returned 3% compared to the benchmark of 2.5% for the fiscal year.

Turning to the legislative session, we provided an update to the Board on the status of bills we are currently monitoring. At this time, 15 pension-related bills have been filed. 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. The legislative session ends on May 16.

I also informed the Board that MOSERS has been named one of the Best Places to Work in Money Management by Pensions & Investments (P&I) magazine for 2024. This influential awards program is dedicated to identifying and recognizing the best employers in the money management industry. This is the first time that MOSERS has received this award. In addition, there were only two other public pension plan recipients of the award.

Turning to upcoming activities, we will send Annual Benefit Statements to active employees in March. Please review your statement to ensure the information we are basing your benefit calculation on is correct.

We will notify you when your statement is ready for review in your Document Express online mailbox. Let us know if you have any questions.

Also, we are on track to go live with our new pension administration system in April. We are excited to announce the release of the new myMOSERS member portal, which includes an updated user experience and enhanced data security. More information will be sent to our membership on the new portal as we get closer to deployment.

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!