About PSRS/PEERS

The Public School and Education Employee Retirement Systems of Missouri (PSRS/PEERS) provide a significant and stable source of retirement, disability and survivor benefits to Missouri's public school teachers, school employees and their families. PSRS and PEERS are Defined Benefit (DB) pension plans providing lifetime retirement benefits to qualified members based on a formula set by Missouri law.

We currently serve over 129,000 active members and approximately 104,000 retirees and beneficiaries.

PSRS/PEERS work in partnership with the member school districts of this state to provide eligible employees and their beneficiaries with a significant source of income based on the employee's length of service and salary in order to enhance retirement, disability and death benefits received from other sources.

Annual Report

2022 Annual Comprehensive Financial Report
View the full report (10mb .PDF file)
Previous Annual Reports
Funding

PSRS/PEERS Funding
PSRS/PEERS' funding comes from three sources, member contributions, employer contributions and investment earnings. Investment earnings are the primary source of funding for every dollar of PSRS/PEERS benefits paid.
Missouri law requires the Systems to maintain a funding level that covers current and anticipated future benefit promises. This guarantees availability of funds to pay benefits as prescribed by law.
Over the years, legislative changes have resulted in improved service retirement benefits, disability benefits and benefits for the beneficiaries of deceased members.
As of June 30, 2022, with $53.5 billion (market value) in invested assets and serving almost 298,000 active members, retirees and beneficiaries, PSRS/PEERS is one of the largest retirement systems in the nation. Since established, PSRS/PEERS has helped more than 154,000 Missouri public school employees and their families achieve financial security and peace of mind during retirement.
Strategic Plan
PSRS/PEERS 3-Year Strategic Plan
The Public School and Education Employee Retirement Systems of Missouri (PSRS/PEERS) has created a three-year strategic plan to ensure that the PSRS/PEERS Board of Trustees and staff can proactively prepare for the future of the Systems. The process used to create the plan included a review of the Systems' current mission, goals and principles, while always being mindful of and congruent with the statutes that govern the Systems.
To provide financial security and peace of mind for Missouri's public education community.
To provide retirement security to Missouri's educators and education employees after a full career of service.
To help school districts attract and retain the best and brightest educators and employees for Missouri's school children.
To manage the Systems in a prudent and cost-efficient manner while continuing to provide exceptional service to our members.

Our Focus Areas are big-picture concepts that represent the fundamental areas in which PSRS/PEERS can work to achieve our Goals. Click on a Focus Area to learn more about how that focus area ties into our goals.
Culture of Excellence
Focus on providing the highest level of customer service for members while maintaining a quality work culture for staff.
Strategic Objectives:
- Promote member-centric thinking in all areas of the organization.
- Provide high-quality service in a cost-efficient manner.
- Ensure continuity of leadership.
- Maintain the ability to recruit and retain high-quality employees.
- Support the pursuit of a positive work-life balance for all employees.
- Maintain a competitive compensation and benefit plan philosophy.
- Provide an environment of transparency and diversified thought.
- Provide professional growth opportunities.
Engagement
Focus on positive relationships with members, employers, education associations and all other constituents.
Strategic Objectives:
- Foster trust and transparency with all constituents.
- Maintain positive relationships with members at all career stages.
- Promote positive interaction with employers.
- Promote the accessibility of the Board, management team and staff.
- Foster relationships and continue collaborations with educational associations.
- Be a trusted source of accurate information for state and federal officials.
Innovation
Focus on being proactive and constantly looking for ways to improve all aspects of our organization.
Strategic Objectives:
- Pursue and promote process improvements across all departments.
- Pursue and support the implementation of new and relevant technology.
- Maintain a high level of security for all member data and system assets.
- Provide uninterrupted service and payment of benefits in the event of disaster.
- Continue to implement a proactive investment program in order to provide the most efficient, risk-adjusted returns possible.
System and Financial Stability
Focus on keeping the plan stable and secure for perpetuity.
Strategic Objectives:
- Maintain pre-funded status at 80% or above.
- Maintain contribution rates at or below current levels.
- Maintain current Board structure and governance policies.
- Maintain the independence necessary to fulfill the fiduciary responsibilities of the Systems.
- Support the current benefit structure and provide consistent cost-of-living adjustments for retirees.
- Maintain a reasonable assumed rate of return given capital market expectations and the risk
- Maintain an appropriate asset allocation and the understanding of the long-term impacts of the allocation on the Systems’ success.
- Maintain a long-term focus on our investment philosophy and infrastructure needs.
- Advocate for the value of a defined benefit plan in providing retirement security.
- Promote the value of being an independent trust fund.
Principles
Public Pension Principles

Advocated by the National Council on Teacher Retirement (NCTR))

As a member of NCTR, this retirement system is committed to the NCTR Principles and WE PLEDGE:
1. Courteous Service: To give members prompt and courteous service and provide complete and accurate information.
2. Member Statements: To provide each active member with an annual statement that includes the member's accrued service, employee contributions, and other related information.
3. Information: To provide new participants in the system a summary plan description that clearly and simply summarizes the benefit provisions of the plan. The system will make available information on changes made in benefits.
4. Annual Reports: Full disclosure of financial, actuarial and investment information in a detailed annual report that will be available for members, elected officers and the public.
5. Financial Audits: To prepare or cause to be prepared an annual financial statement in accordance with generally accepted accounting principles and have an annual audit of the system's financial statement in accordance with generally accepted auditing standards.
6. Actuarial Studies: To have an annual or biennial actuarial valuation performed by an enrolled actuary in accordance with actuarial standards and an actuarial experience study at least every five years.
7. Adequate Funding: To work to obtain adequate funding of all promised benefits and to ensure the financial integrity of this system.
8. Independence of Retirement Systems: To work for a retirement system which functions as an independent retirement trust, separate from state and local government. Such independence to include the power of trustees to set actuarial assumptions, appoint professionals such as actuaries and attorneys on whom they must rely to carry out their responsibilities, and to establish a budget for the system which ensures the delivery of high quality, cost-effective service to their members.
9. Exclusive Benefit: To act for the exclusive benefit of our members as fiduciaries entrusted with the management and payment of retirement benefits.
10. Prudent Investments: To adopt comprehensive objectives, methods for evaluation of performance, and policies which ensure both the prudent investment of plan assets and the attainment of the highest possible investment return.
11. Ethical Conduct: To adhere to the highest standards of conduct set out in the terms of the trust, state statute or other law.
12. State and Local Government Authority: To support the continuation of state and local pension plan oversight by the respective state or local government to ensure that decisions are made at the appropriate level of government.

Affiliated Employers

The PSRS/PEERS employer community is essential to the operation of the Retirement Systems. To determine the proper amount of service earned by a member, we rely on our 534 partner-employers to report salary earned (payroll) and the expected annual base salary for each member for the school year.

If you are an employer payroll contact, log in to OASIS to report.

Employers contribute to PSRS/PEERS at a rate equal to that of their employees, and send both member and employer contributions to PSRS/PEERS to help fund benefits.

PSRS/PEERS-covered employers include all Missouri public school districts (except the St. Louis city and Kansas City districts), Missouri public two-year colleges and statewide educational associations that have elected to join.

Order More New Employee Brochures » Employer Reporting Guide » Critical Shortage Enrollment Request Form »

Covered Employers

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Adair Co. R-1	Hermitage R-IV	Osage County R-II
Adair County R-II	Hickman Mills C-1	Osage County R-III
Adrian R-III	Hickory County R-I	Osborn R-O
Advance R-IV	Higbee R-VIII	Osceola
Affton 101	High Point R-III	Otterville R-VI
Albany R-III	Hillsboro R-III	Ozark R-VI
Altenburg 48	Holcomb R-III	Ozarks Technical Comm. College
Alton R-IV	Holden R-III	Palmyra R-I
Appleton City R-II	Holliday C-2	Paris R-II
Arcadia Valley R-II	Hollister R-V	Park Hill
Archie R-V	Houston R-I	Parkway C-2
Ash Grove R-IV	Howell Valley R-I	Pattonsburg R-II
Atlanta C-3	Hudson R-IX	Pattonville R-III
Aurora R-VIII	Humansville R-IV	Pemiscot Co. R-III
Ava R-I	Hume R-VIII	Pemiscot Co. Special Schools
Avenue City R-IX	Hurley R-I	Perry County 32
Avilla R-XIII	Iberia R-V	Pettis Co. R-V
Bakersfield R-IV	Independence Public	Pettis Co. R-XII
Ballard R-II	Iron Co. C-4	Phelps Co. R-III
Bayless Public	Jackson R-II	Pierce City R-VI
Bell City R-II	Jasper Co. R-V	Pike County R-III
Belleview R-III	Jefferson C-123	Pilot Grove C-4
Belton 124	Jefferson City Public	Plainview R-VIII
Bernie R-XIII	Jefferson Co. R-VII	Plato R-V
Bevier C-4	Jefferson College	Platte County R-III
Billings R-IV	Jennings Public	Pleasant Hill R-III
Bismarck R-V	Johnson Co. R-VII	Pleasant Hope R-VI
Blackwater R-II	Joplin R-VIII	Pleasant View R-VI
Blair Oaks R-II	Junction Hill C-12	Polo R-VII
Bloomfield R-XIV	Kearney R-1	Poplar Bluff R-I
Blue Eye R-V	Kelso C-7	Portageville
Blue Springs R-IV	Kennett 39 Public	Potosi R-III
Bolivar R-I	Keytesville R-III	Prairie Home R-V
Bonci R-X	King City R-I	Princeton R-V
Boonville R-I	Kingston K-14	Purdy R-II
Bosworth R-V	Kingston Public	Putnam Co. R-I
Bowling Green R-I	Kingsville R-I	Puxico R-VIII
Bradleyville R-I	Kirbyville R-VI	Ralls Co. R-II
Branson R-IV	Kirksville R-3	Raymondville R-VII
Braymer C-4	Kirkwood R-VII	Raymore-Peculiar R-II
Breckenridge R-1	Knob Noster R-VIII	Raytown C-2
Brentwood Public	Knox Co. R-I	Reeds Spring R-IV
Bronaugh R-VII	Laclede Co. R-I	Renick R-V
Brookfield R-III	Laclede County C-5	Republic R-III
Brunswick R-II	Ladue Public	Revere C-3
Buchanan Co. R-IV	Lafayette Co. C-1	Rich Hill R-IV
Bucklin R-II	Lakeland R-III	Richards R-V
Bunker R-III	Lamar R-I	Richland R-I
Butler R-V	LaMonte R-IV	Richland R-IV
Cabool R-IV	LaPlata R-II	Richmond R-XVI
Cainsville R-I	Laquey R-V	Richwoods R-VII
Calhoun R-VIII	Laredo R-VII	Ridgeway R-V
Callao C-8	Lathrop R-II	Ripley Co. R-III
Camdenton R-III	Lawson R-XIV	Ripley Co. R-IV
Cameron R-I	Lebanon R-III	Risco R-II
Campbell R-II	Lee's Summit R-VII	Ritenour Public
Canton R-V	Leesville R-IX	Riverview Gardens
Cape Girardeau Public	Leeton R-X	Rock Port R-II
Carl Junction R-I	Leopold R-III	Rockwood R-VI
Carrollton R-VII	Lesterville R-IV	Rolla 31 Public
Carthage R-IX	Lewis County C-1	Roscoe C-1
Caruthersville 18	Lexington R-V	Salem R-80
Cassville R-IV	Liberal R-II	Salisbury R-IV
Center Public	Liberty Public	Santa Fe R-X
Centerville R-I	Licking R-VIII	Sarcoxie R-II
Central R-III	Lincoln R-II	Savannah R-III
Centralia R-VI	Lincoln R-III	School of the Osage R-2
Chadwick R-I	Lindbergh R-VIII	Schuyler R-I
Chaffee R-II	Linn Co. R-I	Scotland Co. R-I
Charleston R-I	Livingston Co. R-III	Scott City R-I
Chillicothe R-II	Lockwood R-I	Scott Co. R-IV
Clark Co. R-I	Logan-Rogersville R-VIII School	Scott County Central
Clarksburg C-2	Lone Jack C-6	Sedalia 200 Public
Clarkton C-4	Lonedell R-XIV	Senath-Hornersville C-8
Clayton Public	Louisiana R-II	Seneca R-VII
Clearwater R-I	Luray 33 Public	Seymour R-II
Clever R-V	Lutie R-VI	Shawnee R-III
Climax Springs R-IV	Macks Creek R-5	Shelby Co. R-IV
Clinton Co. R-III	Macon Co. R-I	Sheldon R-VIII
Clinton Public	Macon Co. R-IV	Shell Knob Public
Cole Camp R-I	Madison C-3	Sherwood Cass R-VIII
Cole Co. R-V	Malden R-I	Sikeston R-VI
Cole County R-1	Malta Bend R-V	Silex R-I
Columbia Public	Manes R-V	Skyline R-II
Community R-VI	Mansfield R-IV	Slater Public
Concordia R-II	Maplewood-Richmond Heights	Smithton R-VI
Cooper Co. R-IV	Marceline R-V	Smithville R-II
Cooter R-IV	Maries Co. R-I	South Callaway Co. R-II
Couch R-I	Maries Co. R-II	South Harrison Co. R-2
Cowgill R-VI	Marion C Early R-5	South Holt R-I
Craig R-III	Marion Co. R-II	South Iron Co. R-I
Crane R-III	Marionville R-IX	South Nodaway Co. R-IV
Crawford Co. R-I	Mark Twain R-VIII	South Pemiscot Co. R-V
Crawford County R-II	Marquand Zion R-VI	Southern Boone Co. R-I
Crocker R-II	Marshall Public	Southern Reynolds R-II
Crowder College	Maryville R-II	Southland C-9
Crystal City Public	Maysville R-I	Southwest R-V
Dadeville R-II	McDonald Co. C-1	Sparta R-III
Dallas County R-I	Meadow Heights R-II	Special School Dist. of St. Louis County
Davis R-XII	Meadville R-IV	Spickard R-II
Delta C-7	Mehlville R-IX	Spokane R-VII
Delta R-V	Meramec Valley R-III	Spring Bluff R-XV
Dent-Phelps R-III	Metropolitan Community College	Springfield R-XII
DeSoto Public	Mexico Public	St. Charles R-VI
Dexter R-XI	Miami R-I	St. Charles Community College
Diamond R-IV	Mid-Buchanan Co. R-V	St. Clair R-XIII
Dixon R-I	Middle Grove C-1	St. Elizabeth R-IV
Doniphan R-I	Midway R-I	St. James R-I
Dora R-III	Milan C-2	St. Joseph Public
Drexel R-IV	Miller County R-III	St. Louis Community College
Dunklin R-V	Miller R-II	State Fair Community College
East Buchanan C-1	Mineral Area Community College	Ste. Genevieve R-II
East Carter Co. R-II	Mirabile C-1	Stanberry R-II
East Central College	Missouri City Public	Steelville R-III
East Lynne Public	Missouri High School Act. Assoc.	Stewartsville C-2
East Newton Co. R-VI	Missouri State Teachers Assoc.	Stockton R-I
East Prairie R-II	Moberly Area Community College	Stoutland R-II
EducationPlus	Monett R-I	Strafford R-VI
El Dorado Springs R-II	Moniteau Co. C-1	Strain-Japan R-XVI
Eldon R-I	Moniteau Co. R-I	Strasburg C-3
Elsberry R-II	Moniteau Co. R-V	Sturgeon R-V
Eminence R-I	Monroe City R-I	Success R-VI
Everton R-III	Montgomery Co. R-II	Sullivan C-2
Excelsior Springs Public	Montrose R-XIV	Summersville R-II
Exeter R-VI	Morgan Co. R-I	Sunrise R-IV
Fair Grove R-X	Morgan Co. R-II	SW Livingston Co. R-1
Fair Play R-II	Mound City R-II	Swedeborg R-III
Fairfax R-III	Missouri State University -Mountain Grove	Sweet Springs R-VII
Fairview R-XI	Mountain View R-3	Taneyville R-II
Farmington R-VII	Mt. Vernon R-V	Tarkio R-I
Fayette R-3	N. St. Francois R-I	Thayer R-II
Ferguson-Florissant R-2	Naylor R-II	Thornfield R-1
Festus R-VI	NE Nodaway Co. R-V	Three Rivers Community College
Fordland R-III	NE Randolph R-IV	Tina-Avalon R-II
Forsyth R-III	Neelyville R-IV	Tipton R-VI
Fort Osage R-I	Nell Holcomb R-IV	Trenton R-IX
Fox C-6	Neosho R-V	Tri-County R-VII
Francis Howell R-III	Nevada R-V	Troy R-III
Franklin Co. R-II	New Bloomfield R-III	Twin Rivers R-X
Fredericktown R-I	New Franklin R-I	Union R-XI
Ft. Zumwalt R-II	New Haven Public	Union Star R-II
Fulton Public	New Madrid Co. R-I	University City Public
Gainesville R-V	New York R-IV	Valley Park Public
Galena R-II	Newburg R-II	Valley R-VI
Gallatin R-V	Newtown-Harris R-III	Van Buren R-I
Gasconade C-4	Niangua R-5	Van Far R-I
Gasconade Co. R-I	Nixa R-II	Verona R-VII
Gasconade Co. R-II	Nodaway-Holt R-VII	W. St. Francois R-IV
Gideon 37 Public	Norborne R-VIII	Walnut Grove R-V
Gilliam C-4	Normandy Public	Warren Co. R-III
Gilman City R-IV	North Andrew Co. R-VI	Warrensburg R-VI
Glasgow	North Callaway R-I	Warsaw R-IX
Glenwood R-VIII	North Central Missouri College	Washington Public
Golden City R-III	North Daviess Co. R-III	Waynesville R-VI
Gorin R-III	North Harrison R-III	Weaubleau R-III
Grain Valley R-V	North Kansas City Schools	Webb City R-VII
Grandview C-4	North Mercer Co. R-III	Webster Groves Public
Grandview R-II	North Nodaway R-VI	Wellington-Napoleon R-IX
Green City R-I	North Pemiscot R-I	Wellsville Middletown R-1
Green Forest R-II	North Platte Co. R-1	Wentzville R-IV
Green Ridge R-VIII	North Shelby	West Nodaway Co. R-I
Greenfield R-IV	North Wood R-IV	West Plains R-VII
Greenville R-II	Northeast Vernon Co. R-1	West Platte Co. R-II
Grundy Co. R-V	Northwest R-I	Westran R-I
Hale R-I	Northwestern R-I	Westview C-6
Halfway R-III	Norwood R-I	Wheatland R-II
Hallsville R-IV	Oak Grove R-VI	Wheaton R-III
Hamilton R-II	Oak Hill R-I	Willard R-II
Hancock Place Public	Oak Ridge R-VI	Willow Springs R-IV
Hannibal 60 Public	Odessa R-VII	Windsor C-1
Hardeman R-X	Oran R-III	Windsor R-I
Hardin-Central C-2	Orchard Farm R-V	Winfield R-IV
Harrisburg R-VIII	Orearville R-IV	Winona R-III
Harrisonville R-IX	Oregon-Howell R-III Schools	Woodland R-IV
Hartville R-II	Orrick R-XI	Wright City R-2
Hayti R-II	Osage County R-I	Zalma R-V
Hazelwood R-I

About PSRS/PEERS

2022 Annual Comprehensive Financial Report

PSRS/PEERS Funding

PSRS/PEERS 3-Year Strategic Plan

To provide financial security and peace of mind for Missouri's public education community.

Culture of Excellence

Strategic Objectives:

Engagement

Strategic Objectives:

Innovation

Strategic Objectives:

System and Financial Stability

Strategic Objectives:

Public Pension Principles

Affiliated Employers

Covered Employers