PSRS/PEERS News Archive

February 2025 Board of Trustees meeting

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.

a photo of the Missouri State Capitol building

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.

a close-up photo of the word legislation from a dictionary listing

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.

sample 1099R for the 2024 tax season

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 2024 Board of Trustees Meeting

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.

sample PSRS and PEERS benefit statements

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 best places to work 2024 - multi-year winner

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.

2024 Public Pension Standards Award for Funding and Administration

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.

a retired couple reviews their finances

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.

PSRS/PEERS Contribution Rates to remain unchanged for 2025-2026 school year.

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.