About PSRS/PEERS

The Public School and Education Employee Retirement Systems of Missouri (PSRS/PEERS)

The Public School and Education Employee Retirement Systems of Missouri (PSRS/PEERS) provide reliable, long-term financial security for Missouri’s public school teachers, school employees, and their families. We offer retirement, disability, and survivor benefits through Defined Benefit (DB) pension plans, which guarantee lifetime monthly benefits based on a formula set by Missouri law.

Who We Serve

  • 132,000+ active members currently working in Missouri public schools
  • 112,000+ retirees and beneficiaries receiving benefits

What We Do

We partner with Missouri’s public school districts to deliver a stable and meaningful source of income to eligible employees and their families. Your benefits are based on your years of service and salary, and are designed to supplement other sources of retirement income.

Why It Matters

PSRS/PEERS benefits help ensure that Missouri’s educators and school employees can retire with dignity and peace of mind—knowing their financial future is secure.

A Great Place to Work!

Pensions & Investment Magazine Best Places to Work in Money Management Multi-Year Winner 2023 * 2024

Named one of the “Best Places to Work in Money Management” by Pensions and Investments magazine two years in a row, PSRS/PEERS is an innovative and results-oriented organization dedicated to the financial security of our members. We are committed to developing the talents of our staff in an environment of mutual respect, diversity of thought and transparency.

View Current Career Opportunities

  • Annual Report
    2024 Annual Comprehensive Financial report

    Annual Comprehensive Financial Report

    2024 Annual Comprehensive Financial Report (2.9mb .PDF file)

    Summary Report

    2024 Summary Annual Report (883kb .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.

    20-Year Average - Member portion includes contributions and funds to purchase service.

    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, 2024, with $58.7 billion (market value) in invested assets and serving over 315,616 active members, retirees and beneficiaries, PSRS/PEERS is one of the largest retirement systems in the nation. Since established, PSRS/PEERS has helped approximately 164,000 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.

    Strategic plan elements arranged in the shape of a 3-D cube
    culture of excellence engagement innovation system stability

    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.

    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

    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 535 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 EWP 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 » Critical Shortage Enrollment Request Form » Critical Shortage Calculator »

    Covered Employers

    • Adair R-I School District
    • Adair R-II School District
    • Adrian R-III School District
    • Advance R-IV School District
    • Affton 101 School District
    • Albany R-III School District
    • Altenburg 48 School District
    • Alton R-IV School District
    • Appleton City R-II School District
    • Arcadia Valley R-II School District
    • Ash Grove R-IV School District
    • Atlanta C-3 School District
    • Aurora R-VIII School District
    • Ava R-I School District
    • Avenue City R-IX School District
    • Avilla R-XIII School District
    • Bakersfield R-IV School District
    • Ballard R-II School District
    • Bayless School District
    • Bell City R-II School District
    • Belleview R-III School District
    • Belton 124 School District
    • Bernie R-XIII School District
    • Bevier C-4 School District
    • Billings R-IV School District
    • Bismarck R-V School District
    • Blackwater R-II School District
    • Blair Oaks R-II School District
    • Bloomfield R-XIV School District
    • Blue Eye R-V School District
    • Blue Springs R-IV Schools
    • Bolivar R-I School District
    • Boncl R-X School District
    • Boonville R-I School District
    • Bosworth R-V School District
    • Bowling Green R-I School District
    • Bradleyville R-I School District
    • Branson R-IV School District
    • Braymer C-4 School District
    • Breckenridge R-I School District
    • Brentwood School District
    • Bronaugh R-VII School District
    • Brookfield R-III School District
    • Brunswick R-II School District
    • Buchanan R-IV School District
    • Bucklin R-II School District
    • Bunker R-III School District
    • Butler R-V School District
    • Cabool R-IV School District
    • Cainsville R-I School District
    • Calhoun R-VIII School District
    • Callao C-8 School District
    • Camdenton R-III School District
    • Cameron R-I School District
    • Campbell R-II School District
    • Canton R-V School District
    • Cape Girardeau 63 School District
    • Carl Junction R-I School District
    • Carrollton R-VII School District
    • Carthage R-IX School District
    • Caruthersville 18 School District
    • Cass y R-V School District
    • Cassville R-IV School District
    • Center 58 School District
    • Centerville R-I School District
    • Central R-III School District
    • Centralia R-VI School District
    • Chadwick R-I School District
    • Chaffee R-II School District
    • Charleston R-I School District
    • Chilhowee R-IV School District
    • Chillicothe R-II School District
    • Clark R-I School District
    • Clarksburg C-2 School District
    • Clarkton C-4 School District
    • Clayton School District
    • Clearwater R-I School District
    • Clever R-V School District
    • Climax Springs R-IV School District
    • Clinton R-III School District
    • Clinton School District
    • Cole Camp R-I School District
    • Cole R-I School District
    • Cole R-V School District
    • Columbia School District
    • Community R-VI School District
    • Concordia R-II School District
    • Cooper R-IV School District
    • Cooter R-IV School District
    • Couch R-I School District
    • Cowgill R-VI School District
    • Craig R-III School District
    • Crane R-III School District
    • Crawford y R-I School District
    • Crawford y R-II School District
    • Crocker R-II School District
    • Crowder College
    • Crystal City 47 School District
    • Dadeville R-II School District
    • Dallas R-I School District
    • Davis R-XII School District
    • Delta C-7 School District
    • Delta R-V School District
    • Dent-Phelps R-III School District
    • DeSoto 73 School District
    • Dexter R-XI School District
    • Diamond R-IV School District
    • Dixon R-1 School District
    • Doniphan R-I School District
    • Dora R-III School District
    • Drexel R-IV School District
    • Dunklin R-V School District
    • East Buchanan C-1 School District
    • East Carter R-II School District
    • East Central College
    • East Lynne 40 School District
    • East Newton R-VI School District
    • East Prairie R-II School District
    • EducationPlus
    • El Dorado Springs R-II School District
    • Eldon R-I School District
    • Elsberry R-II School District
    • Eminence R-I School District
    • Everton R-III School District
    • Excelsior Springs 40 School District
    • Exeter R-VI School District
    • Fair Grove R-X School District
    • Fair Play R-II School District
    • Fairfax R-III School District
    • Fairview R-XI School District
    • Farmington R-VII School District
    • Fayette R-III School District
    • Ferguson-Florissant R-II School District
    • Festus R-VI School District
    • Fordland R-III School District
    • Forsyth R-III School District
    • Fort Osage R-I School District
    • Fox C-6 School District
    • Francis Howell R-III School District
    • Franklin R-II School District
    • Fredericktown R-I School District
    • Ft. Zumwalt R-II School District
    • Fulton 58 School District
    • Gainesville R-V School District
    • Galena R-II School District
    • Gallatin R-V School District
    • Gasconade C-4 School District
    • Gasconade R-I School District
    • Gasconade R-II School District
    • Gideon 37 School District
    • Gilliam C-4 School District
    • Gilman City R-IV School District
    • Glasgow School District
    • Glenwood R-VIII School District
    • Golden City R-III School District
    • Grain Valley R-V Schools
    • Grandview C-4 School District
    • Grandview R-II School District
    • Green City R-I School District
    • Green Forest R-II School District
    • Green Ridge R-VIII School District
    • Greenfield R-IV School District
    • Greenville R-II School District
    • Grundy R-V School District
    • Hale R-I School District
    • Halfway R-III School District
    • Hallsville R-IV School District
    • Hamilton R-II School District
    • Hancock Place School District
    • Hannibal 60 School District
    • Hardeman R-X School District
    • Hardin-Central C-2 School District
    • Harrisburg R-VIII School District
    • Harrisonville R-IX School District
    • Hartville R-II School District
    • Hayti R-II School District
    • Hazelwood School District
    • Henry R-I School District
    • Hermitage R-IV School District
    • Hickman Mills C-1 School District
    • Hickory R-I School District
    • Higbee R-VIII School District
    • High Point R-III School District
    • Hillsboro R-III School District
    • Holcomb R-III School District
    • Holden R-III School District
    • Holliday C-2 School District
    • Hollister R-V School District
    • Houston R-I School District
    • Howell Valley R-I School District
    • Hudson R-IX School District
    • Humansville R-IV School District
    • Hume R-VIII School District
    • Hurley R-I School District
    • Iberia R-V School District
    • Independence 30 School District
    • Iron C-4 School District
    • Jackson R-II School District
    • Jamestown C-1 School District
    • Jasper R-V School District
    • Jefferson C-123 School District
    • Jefferson City School District
    • Jefferson College
    • Jefferson R-VII School District
    • Jennings School District
    • Johnson R-VII School District
    • Joplin Schools
    • Junction Hill C-12 School District
    • Kearney R-1 School District
    • Kelso C-7 School District
    • Kennett 39 School District
    • Keytesville R-III School District
    • King City R-I School District
    • Kingston 42 School District
    • Kingston K-14 School District
    • Kingsville R-I School District
    • Kirbyville R-VI School District
    • Kirksville R-III School District
    • Kirkwood R-VII School District
    • Knob Noster R-VIII School District
    • Knox R-I School District
    • La Monte R-IV School District
    • La Plata R-II School District
    • Laclede y C-5 School District
    • Laclede R-I School District
    • Ladue School District
    • Lafayette C-1 School District
    • Lakeland R-III School District
    • Lamar R-I School District
    • Laquey R-V School District
    • Laredo R-VII School District
    • Lathrop R-II School District
    • Lawson R-XIV School District
    • Lebanon R-III School District
    • Lee's Summit R-VII School District
    • Leesville R-IX School District
    • Leeton R-X School District
    • Leopold R-III School District
    • Lesterville R-IV School District
    • Lewis C-1 School District
    • Lexington R-V School District
    • Liberal R-II School District
    • Liberty 53 School District
    • Licking R-VIII School District
    • Lincoln R-II School District
    • Lindbergh Schools
    • Linn R-I School District
    • Livingston R-III School District
    • Lockwood R-I School District
    • Logan-Rogersville R-VIII School District
    • Lone Jack C-6 School District
    • Lonedell R-XIV School District
    • Louisiana R-II School District
    • Lutie R-VI School District
    • Macks Creek R-V School District
    • Macon R-1 School District
    • Macon R-IV School District
    • Madison C-3 School District
    • Malden R-I School District
    • Malta Bend R-V School District
    • Manes R-V School District
    • Mansfield R-IV School District
    • Maplewood-Richmond Heights School District
    • Marceline R-V School District
    • Maries R-I School District
    • Maries R-II School District
    • Marion C. Early R-V School District
    • Marion R-II School District
    • Marionville R-IX School District
    • Mark Twain R-VIII School District
    • Marquand Zion R-VI School District
    • Marshall School District
    • Marshfield R-I School District
    • Maryville R-II School District
    • Maysville R-I School District
    • McDonald R-I School District
    • Meadow Heights R-II School District
    • Meadville R-IV School District
    • Mehlville R-IX School District
    • Meramec Valley R-III School District
    • Metropolitan Community College
    • Mexico 59 School District
    • Miami R-1 School District
    • Miami R-I School District
    • Mid-Buchanan y R-V School District
    • Middle Grove C-1 School District
    • Midway R-I School District
    • Milan C-2 School District
    • Miller y R-III School District
    • Miller R-II School District
    • Mineral Area Community College
    • Mirabile C-1 School District
    • Missouri City 56 School District
    • Missouri Council of School Administrators
    • Missouri State High School Activities Association
    • Missouri State Teachers Association
    • Moberly Area Community College
    • Moberly School District
    • Monett R-I School District
    • Moniteau R-I School District
    • Moniteau R-V School District
    • Monroe City R-I School District
    • Montgomery R-II School District
    • Montrose R-XIV School District
    • Morgan R-I School District
    • Morgan R-II School District
    • Mound City R-II School District
    • Mountain Grove R-III School District
    • Mountain View-Birch Tree R-III School District
    • Mt. Vernon R-V School District
    • Naylor R-II School District
    • Neelyville R-IV School District
    • Nell Holcomb R-IV School District
    • Neosho R-V School District
    • Nevada R-V School District
    • New Bloomfield R-III School District
    • New Franklin R-1 School District
    • New Haven School District
    • New Madrid y R-I School District
    • New York R-IV School District
    • Newburg R-II School District
    • Newtown-Harris R-III School District
    • Niangua R-V School District
    • Nixa Public Schools
    • Nodaway-Holt R-VII School District
    • Norborne R-VIII School District
    • Normandy Schools Collaborative
    • North Andrew y R-VI School District
    • North Callaway y R-I School District
    • North Central Missouri College
    • North Daviess R-III School District
    • North Harrison R-III School District
    • North Kansas City 74 School District
    • North Mercer R-III School District
    • North Nodaway R-VI School District
    • North Pemiscot R-I School District
    • North Platte R-1 School District
    • North Shelby School District
    • North St. Francois R-I School District
    • North Wood R-IV School District
    • Northeast Nodaway R-V School District
    • Northeast Randolph R-IV School District
    • Northeast Vernon R-I School District
    • Northwest R-I School District
    • Northwestern R-I School District
    • Norwood R-I School District
    • Oak Grove R-VI School District
    • Oak Hill R-I School District
    • Oak Ridge R-VI School District
    • Odessa R-VII School District
    • Oran R-III School District
    • Orchard Farm R-V School District
    • Orearville R-IV School District
    • Oregon-Howell R-III School District
    • Orrick R-XI School District
    • Osage R-I
    • Osage R-II School District
    • Osage R-III School District
    • Osborn R-O School District
    • Osceola School District
    • Otterville R-VI School District
    • Ozark R-VI School District
    • Ozarks Technical Community College
    • Palmyra R-I School District
    • Paris R-II School District
    • Park Hill School District
    • Parkway C-2 School District
    • Pattonsburg R-II School District
    • Pattonville R-III School District
    • Pemiscot R-III School District
    • Pemiscot Special School District
    • Perry 32 School District
    • Pettis R-V School District
    • Pettis R-XII School District
    • Phelps R-III School District
    • Pierce City R-VI School District
    • Pike y R-III School District
    • Pilot Grove C-4 School District
    • Plainview R-VIII School District
    • Plato R-V School District
    • Platte y R-III School District
    • Pleasant Hill R-III School District
    • Pleasant Hope R-VI School District
    • Pleasant View R-VI School District
    • Polo R-VII School District
    • Poplar Bluff R-I School District
    • Portageville School District
    • Potosi R-III School District
    • Prairie Home R-V School District
    • Princeton R-V School District
    • Purdy R-II School District
    • Putnam y R-I School District
    • Puxico R-VIII School District
    • Ralls R-II School District
    • Raymondville R-VII School District
    • Raymore-Peculiar R-II School District
    • Raytown C-2 School District
    • Reeds Spring R-IV School District
    • Renick R-V School District
    • Republic R-III School District
    • Rich Hill R-IV School District
    • Richards R-V School District
    • Richland R-I School District
    • Richland R-IV School District
    • Richmond R-XVI School District
    • Richwoods R-VII School District
    • Ridgeway R-V School District
    • Ripley R-III School District
    • Ripley R-IV School District
    • Risco R-II School District
    • Ritenour School District
    • Riverview Gardens School District
    • Rock Port R-II School District
    • Rockwood R-VI School District
    • Rolla 31 School District
    • Roscoe C-1 School District
    • Salem R-80 School District
    • Salisbury R-IV School District
    • Santa Fe R-X School District
    • Sarcoxie R-II School District
    • Savannah R-III School District
    • School Of The Osage School District
    • Schuyler R-I School District
    • Scotland R-I School District
    • Scott City R-I School District
    • Scott y Central School District
    • Scott y R-IV School District
    • Sedalia 200 School District
    • Senath-Hornersville C-8 School District
    • Seneca R-VII School District
    • Seymour R-II School District
    • Shawnee R-III School District
    • Shelby R-IV School District
    • Sheldon R-VIII School District
    • Shell Knob 78 School District
    • Sherwood Cass R-VIII School District
    • Sikeston R-6 School District
    • Silex R-I School District
    • Skyline R-II School District
    • Slater School District
    • Smithton R-VI School District
    • Smithville R-II School District
    • South Callaway R-II School District
    • South Harrison R-II School District
    • South Holt R-I School District
    • South Iron R-I School District
    • South Nodaway R-IV School District
    • South Pemiscot R-V School District
    • Southern Boone R-I School District
    • Southern Reynolds R-II School District
    • Southland C-9 School District
    • Southwest Livingston y R-1 School District
    • Southwest R-V School District
    • Sparta R-III School District
    • Special School District St. Louis y
    • Spickard R-II School District
    • Spokane R-VII School District
    • Spring Bluff R-XV School District
    • Springfield R-XII School District
    • St. Charles Community College
    • St. Charles R-VI School District
    • St. Clair R-XIII School District
    • St. Elizabeth R-IV School District
    • St. James R-I School District
    • St. Joseph School District
    • St. Louis Community College
    • Stanberry R-II School District
    • State Fair Community College
    • Ste. Genevieve R-II School District
    • Steelville R-III School District
    • Stewartsville C-2 School District
    • Stockton R-I School District
    • Stoutland R-II School District
    • Strafford R-VI School District
    • Strain-Japan R-XVI School District
    • Strasburg C-3 School District
    • Sturgeon R-V School District
    • Success R-VI School District
    • Sullivan School District
    • Summersville R-II School District
    • Sunrise R-IX School District
    • Swedeborg R-III School District
    • Sweet Springs R-VII School District
    • Taneyville R-II School District
    • Tarkio R-I School District
    • Thayer R-II School District
    • The Leadership School
    • Thornfield R-I School District
    • Three Rivers College
    • Tina-Avalon R-II School District
    • Tipton R-VI School District
    • Trenton R-IX School District
    • Tri-County R-VII School District
    • Troy R-III School District
    • Twin Rivers R-X School District
    • Union R-XI School District
    • Union Star R-II School District
    • University City School District
    • Valley Park School District
    • Valley R-VI School District
    • Van Buren R-I School District
    • Van-Far R-I School District
    • Verona R-VII School District
    • Walnut Grove R-V School District
    • Warren R-III School District
    • Warrensburg R-VI School District
    • Warsaw R-IX School District
    • Washington School District
    • Waynesville R-VI School District
    • Weaubleau R-III School District
    • Webb City R-VII School District
    • Webster Groves School District
    • Wellington-Napoleon R-IX School District
    • Wellsville Middletown R-1 School District
    • Wentzville R-IV School District
    • West Nodaway R-I School District
    • West Plains R-VII School District
    • West Platte R-II School District
    • West St. Francois y R-IV School District
    • Westran R-I School District
    • Westview C-6 School District
    • Wheatland R-II School District
    • Wheaton R-III School District
    • Willard R-II School District
    • Willow Springs R-IV School District
    • Windsor C-1 School District
    • Winfield R-IV School District
    • Winona R-III School District
    • Winston R-VI School District
    • Woodland R-IV School District
    • Worth y R-III School District
    • Wright City R-II of Warren y School District
    • Zalma R-V School District