The MOSERS Board of Trustees met for their regular quarterly meeting on November 20, 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 November 20, the MOSERS Board of Trustees held its fourth quarter meeting. As always, the main objective of Board meetings is to ensure the long-term sustainability of promised benefits.

At the meeting, the Board reviewed and approved the MOSERS FY27 budget.

We notified Board members that the MOSERS Annual Comprehensive Financial Report for the fiscal year ending June 30, 2025, is now available. MOSERS received a clean audit report on our financial statements from the system's external auditor.

A few highlights from the financial statements include that MOSERS-covered employers contributed 100% of the requested contributions needed to meet current and future benefit obligations.

Also in fiscal year 2025, MOSERS paid $1.1 billion in pension benefits to retired members. These benefits have a significant and positive economic impact on our state and local communities since nearly 90% of MOSERS retirees remain in Missouri.

Turning to investments, the fund had a strong first quarter of the fiscal year, with the portfolio returning 4.8%, net of fees. As of September 30, 2025, the market value of the fund was $10.2 billion, which is the highest it has ever been.

Thank you for watching this edition of A Moment with MOSERS. I hope you have a wonderful and safe holiday season with your loved ones. I wish you much happiness as we move into 2026. We’ll see you then.