PSRS/PEERS has been awarded Pension and Investment magazine's 2023 Best Places to Work in Money Management

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 130,000 active members and approximately 107,000 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
    2023 Annual Comprehensive Financial Report cover image

    Annual Comprehensive Financial Report

    View the full report (6.77mb .PDF file)

    View the summary report (1.12mb .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, 2023, with $55 billion (market value) in invested assets and serving over 307,000 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 159,000 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.

    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 » Employer Reporting Guide » Critical Shortage Enrollment Request Form » Critical Shortage Calculator »

    Covered Employers

    Adair y R-I School District 
    Adair y 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 y 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 y 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 y R-III School District 
    Clinton School District 
    Cole Camp R-I School District 
    Cole y R-I School District 
    Cole y R-V School District 
    Columbia School District 
    Community R-VI School District 
    Concordia R-II School District 
    Cooper y 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 y 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 y C-1 School District 
    East Carter y R-II School District 
    East Central College 
    East Lynne 40 School District 
    East Newton y 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 y 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 y R-I School District 
    Gasconade y 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 y 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 y R-I School District 
    Hermitage R-IV School District 
    Hickman Mills C-1 School District 
    Hickory y 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 y C-4 School District 
    Jackson R-II School District 
    Jamestown C-1 School District 
    Jasper y R-V School District 
    Jefferson C-123 School District 
    Jefferson City School District 
    Jefferson College 
    Jefferson y R-VII School District 
    Jennings School District 
    Johnson y 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 y R-I School District 
    La Monte R-IV School District 
    La Plata R-II School District 
    Laclede y C-5 School District 
    Laclede y R-I School District 
    Ladue School District 
    Lafayette y 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 y 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 y R-I School District 
    Livingston y 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 y R-1 School District 
    Macon y 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 y R-I School District 
    Maries y R-II School District 
    Marion C. Early R-V School District 
    Marion y 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 y 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 y R-I School District 
    Moniteau y R-V School District 
    Monroe City R-I School District 
    Montgomery y R-II School District 
    Montrose R-XIV School District 
    Morgan y R-I School District 
    Morgan y 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 y R-III School District 
    North Nodaway y R-VI School District 
    North Pemiscot y R-I School District 
    North Platte y R-1 School District 
    North Shelby School District 
    North St. Francois y R-I School District 
    North Wood R-IV School District 
    Northeast Nodaway y R-V School District 
    Northeast Randolph y R-IV School District 
    Northeast Vernon y 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 y R-I 
    Osage y R-II School District 
    Osage y 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 y R-III School District 
    Pemiscot y Special School District 
    Perry y 32 School District 
    Pettis y R-V School District 
    Pettis y R-XII School District 
    Phelps y 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 y 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 y R-III School District 
    Ripley y 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 y R-I School District 
    Scotland y 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 y 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 y R-II School District 
    South Harrison y R-II School District 
    South Holt y R-I School District 
    South Iron y R-I School District 
    South Nodaway y R-IV School District 
    South Pemiscot y R-V School District 
    Southern Boone y R-I School District 
    Southern Reynolds y 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 y 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-y 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 y 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 y R-I School District 
    West Plains R-VII School District 
    West Platte y 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