PSRS/PEERS News Archive

February Board of Trustees Meeting Summary
The Public School and Education Employee Retirement Systems of Missouri (PSRS/PEERS) Board of Trustees convened on February 3, 2025, at 9 a.m.

2025 Missouri Legislative Session Begins
The 2025 Missouri Legislative Session began January 8, and as always, PSRS/PEERS will actively monitor any bills that could potentially affect the Systems or our members.

President Biden Signs Social Security Fairness Act; Repeals WEP and GPO
The provisions had been in place for nearly 40 years and reduced Social Security payments to nearly three million retirees, including some PSRS monthly benefit recipients.

2024 Tax Information
As a PSRS/PEERS retiree, all, or most, of your monthly retirement benefit is subject to both federal and state income tax.

December Board of Trustees Meeting Summary
The Budget and Audit Committee of the Board of Trustees convened Monday, December 16 at 8:30 a.m. with the regular session of the Board of Trustees meeting following at 9:30 a.m.

2025 Benefit Statements Coming in Late January
PSRS and PEERS benefit recipients, you will receive your annual Benefit Statement in late January. This document provides a comprehensive summary of your membership and your monthly benefit as of January 1, 2025.

PSRS/PEERS Honored with “Best Places to Work in Money Management” Award
For the second straight year, PSRS/PEERS has been recognized by Pensions & Investments (P&I) magazine as one of the “Best Places to Work in Money Management.” 2024 winners were recognized in the magazine’s December 9 issue.

PSRS and PEERS Honored with National Public Pension Standards Awards for Excellence in Funding and Administration
PSRS and PEERS have been recognized for meeting and exceeding the Public Pension Coordinating Council’s (PPCC) standards for both funding and administration for 2024.

Eligible Benefit Recipients to Get 2% COLA Starting January 2025
On October 28, 2024, the PSRS/PEERS Board of Trustees approved a 2% cost-of-living adjustment (COLA) for eligible benefit recipients, effective January 1, 2025.

Contribution Rates Unchanged for 2025-2026 School Year
On October 28, 2024, the PSRS/PEERS Board of Trustees voted to keep contribution rates unchanged for both active members and employers for the 2025-2026 school year, which runs from July 1, 2025, to June 30, 2026.