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 second 98th Regular Session of the Missouri Legislature officially ended as of Friday, May 13th at 6:00 p.m. We are happy to report there was no legislation passed that had a negative impact on the Public School and Education Employee Retirement Systems of Missouri.
The following bills have been introduced that impact the Public School and Education Employee Retirement Systems of Missouri (PSRS/PEERS) and our members.
Two bills have been introduced containing language to re-establish the 2.55% benefit formula factor for PSRS members. By law, this provision expired on July 1, 2014.
Two bills have been introduced in the Missouri Legislature containing language to re-establish the 2.55% benefit formula factor for Public School Retirement System of Missouri (PSRS) members. By law, this provision expired on July 1, 2014.
The 97th Regular Session of the Missouri Legislature officially ended Friday, May 16, 2014 at 6 p.m. We are pleased to report no legislation was passed that had a negative impact on the Public School and Education Employee Retirement Systems of Missouri (PSRS/PEERS).
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