PSRS/PEERS Growth in Assets
(as of September 30, 2008)
The Board of Trustees of the Public School & the Public Education Employee Retirement Systems (PSRS/PEERS) is charged with the responsibility for investing the assets of the Systems in a manner consistent with the fiduciary standards set forth in the ‘prudent person’ rule. To that end, the Board has adopted the following principles to guide all investment-related decisions:
- Act in the exclusive interest of the members of the Systems,
- Maximize total return within prudent risk parameters, and
- Preserve the long-term purchasing power of the fund.
The investment portfolios of PSRS/PEERS represent all contributions to the plans, from members and their employers, as well as all net earnings on these assets. These funds are held in support of both current and future liabilities.
Total assets for the combined Systems stood at $26.9 billion as of September 30, 2008 compared to $29.8 billion at the beginning of the 2009 Fiscal Year (July 1, 2008). The long-term growth in assets since the inception of PSRS in 1946 and PEERS in 1965 is shown in the graph above.
