While the Missouri legislature is in session (January - May), the PSRS/PEERS Board of Trustees and staff closely monitor any proposed legislation regarding retirement and education. We work with Missouri education associations and other Missouri retirement systems to ensure the best interests of our members are served.
The 2021 Missouri Legislative Session ended on Friday, May 14 with no bills passing that directly impacted PSRS/PEERS. Legislation had been introduced that would have made changes to some working after retirement limits and Critical Shortage Employment, as well as a provision that would have allowed PSRS members with 32 or more years of service to retire with a higher benefit factor.
Since the General Assembly began the 2021 Legislative Session on January 6, 2021, more than 1,800 bills have been introduced. PSRS/PEERS is closely monitoring over 200 bills. The 2021 Legislative Session ends on May 14, 2021.
The General Assembly wrapped up the coronavirus-shortened 2020 legislative session on May 15. It was a busy session for PSRS/PEERS, as the Systems tracked over 290 bills, almost double the usual number, with 2,247 total bills introduced and 51 bills passed by both chambers and awaiting action from the governor.
Governor Mike Parson signed legislation that changes the working after retirement limits that apply to Public School Retirement System of Missouri (PSRS) retirees who work for PSRS-covered public two-year (community) colleges.
Senate Bill 892 (CCS/SCS/SB 892) passed by the Missouri legislature during the 2018 regular legislative session, was signed by Governor Parson and became law July 5, 2018. The bill changes the statutory limits on work after retirement for those PSRS retirees who work at a PSRS/PEERS-covered employer in a non-certificated position, such as a coach, bus driver, cook or office staff.
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