PSRS/PEERS building located at 3210 W Truman Blvd, Jefferson City, MO 65109About 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 128,000 active members and over 100,000 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
  • 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, 2021, with $56.8 billion (market value) in invested assets and serving more than 286,000 active members and retirees, PSRS/PEERS is one of the largest retirement systems in the nation. Since established, PSRS/PEERS has helped more than 148,000 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.

    The Public School Retirement System of Missouri and the Public Education Employee Retirement System of Missouri (PSRS and 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 compensation in order to enhance retirement, disability and death benefits received from other sources.

    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 maintain a high-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.


    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 a 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 profile of the Systems.
    • 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 Missouri Model and 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 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 » View Upcoming Employer Events » Employer Reporting Guide »

    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
    Cooperating School Dist. of St. Louis Co. Maries Co. R-I South Callaway Co. R-II
    Cooter R-IV Maries Co. R-II South Harrison Co. R-2
    Couch R-I Marion C Early R-5 South Holt R-I
    Cowgill R-VI Marion Co. R-II South Iron Co. R-I
    Craig R-III Marionville R-IX South Nodaway Co. R-IV
    Crane R-III Mark Twain R-VIII South Pemiscot Co. R-V
    Crawford Co. R-I Marquand Zion R-VI Southern Boone Co. R-I
    Crawford County R-II Marshall Public Southern Reynolds R-II
    Crocker R-II Maryville R-II Southland C-9
    Crowder College Maysville R-I Southwest R-V
    Crystal City Public McDonald Co. C-1 Sparta R-III
    Dadeville R-II Meadow Heights R-II Special School Dist. of St. Louis County
    Dallas County R-I Meadville R-IV Spickard R-II
    Davis R-XII Mehlville R-IX Spokane R-VII
    Delta C-7 Meramec Valley R-III Spring Bluff R-XV
    Delta R-V Metropolitan Community College Springfield R-XII
    Dent-Phelps R-III Mexico Public St. Charles R-VI
    DeSoto Public Miami R-I St. Charles Community College
    Dexter R-XI Mid-Buchanan Co. R-V St. Clair R-XIII
    Diamond R-IV Middle Grove C-1 St. Elizabeth R-IV
    Dixon R-I Midway R-I St. James R-I
    Doniphan R-I Milan C-2 St. Joseph Public
    Dora R-III Miller County R-III St. Louis Community College
    Drexel R-IV Miller R-II State Fair Community College
    Dunklin R-V Mineral Area Community College Ste. Genevieve R-II
    East Buchanan C-1 Mirabile C-1 Stanberry R-II
    East Carter Co. R-II Missouri City Public Steelville R-III
    East Central College Missouri High School Act. Assoc. Stewartsville C-2
    East Lynne Public Missouri State Teachers Assoc. Stockton R-I
    East Newton Co. R-VI Moberly Area Community College Stoutland R-II
    East Prairie R-II 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