Contribution Rates Hold Steady Again for 2024-2025 School Year
At the October 30, 2023 meeting of the PSRS/PEERS Board of Trustees, the Board voted to maintain active member and employer contribution rates at their current levels for the upcoming school year. The 2024-2025 school year will run from July 1, 2024 to June 30, 2025.
Based on the recommendation of PricewaterhouseCoopers (PwC), the Systems’ actuary, PSRS and PEERS contribution rates will remain as shown in the table.
“The Board understands the impact of raising contribution rates on our active members, school districts and participating members,” stated PSRS/PEERS Board Chair Dr. Jason Steliga. “The Board recognizes the efforts of our investment team in consistently maintaining long-term returns above our assumed rate of return that enable us to keep contribution rates steady for another year for our members.”
About Contribution Rates
Contributions are credited to your individual membership. You do not pay taxes on your contributions until you receive them back as benefits. Your contributions are always returned to you in the form of monthly benefits, or a lump-sum payment to you or your beneficiaries.
For specific information regarding the contributions you have made during your membership, log in to Web Member Services.