JEFFERSON CITY — Missouri's main public pension system says its investments generated a return of greater than 14 percent this past budget year.
The Missouri State Employees Retirement System says it had projected an 8.5 percent return for actuarial purposes. Instead, it generated a 14.3 percent investment return during the fiscal year that ended June 30.
The MOSERS system covers about 100,000 state employees, retirees and their families. It has total assets of about $7 billion.
The MOSERS system was the focus of a special legislative session last month. A new law will raise the retirement age for future state employees and require them to contribute a portion of their paycheck toward their pensions.