The MOSERS Board of Trustees met for their regular quarterly meeting on May 29, 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!

We held our annual Board Educational Conference on Wednesday, May 28, and our 2nd quarter Board meeting on Thursday, May 29.

Our Board Educational Conference assists in satisfying the requirements that Board members complete at least six hours of continuing education each year.

The morning program included a presentation of our proposed 5-year strategic plan starting July 1, 2026, and ending June 30, 2030.

Next, staff presented an overview of Project Phoenix. Phoenix replaced our aging legacy pension administration system, the employer portal, and the member portal. It was a massive multi-year project that now provides a modernized, more secure solution with more functionality for members, employers, and staff.

The afternoon consisted of education on investments and funding. Our outside investment consultant gave presentations on the market outlook and asset allocation. Staff provided education on portable alpha and private markets. We wrapped up the day with a review of the MOSERS' funding policy, which was led by our independent external actuary.

On May 29, the Board conducted the 2nd quarter Board meeting.

The Board heard updates from the Board Audit, Strategic Planning & Governance, and Investment Committees. The Board approved the fiscal years 2026 to 2030 strategic plan, which you can find on our website. As far as investments, we reported investment performance of 2.1% for the quarter ending March 31, 2025, and 5.2% net of fees for the fiscal year.

We wrapped up the Board meeting with a legislative report. The 2025 legislative session ended on May 16. As part of House Bill 5, the General Assembly did fully fund the Office of Administration's appropriation request, covering required employer contributions for retirement, life insurance, and long-term disability benefits for the upcoming fiscal year.

Thank you for watching this edition of A Moment with MOSERS. I hope you have a happy and safe summer!