PSRS/PEERS Funding

Funding Status

A retirement system’s funding status shows how much money it has compared to the benefits it needs to pay in the future. Many public pension systems consider an 80% or higher funded ratio a sign of good financial health. The funding levels shown in the graphic help show that the Systems are stable and well‑positioned to meet future needs.

Missouri law requires the Systems to maintain a funding level that covers current and anticipated future benefit promises. This guarantees availability of funds to pay benefits as prescribed by law.

Sources

PSRS/PEERS' funding comes from three sources, member contributions, employer contributions and investment earnings. Investment earnings are the primary source of funding for every dollar of PSRS/PEERS benefits paid.

Over the years, legislative changes have resulted in improved service retirement benefits, disability benefits and benefits for the beneficiaries of deceased members.

As of June 30, 2025, with $62.8 billion (market value) in invested assets and serving over 323,064 active members, retirees and beneficiaries, PSRS/PEERS is one of the largest retirement systems in the nation. Since established, PSRS/PEERS has helped approximately 164,000 Missouri public school employees and their families achieve financial security and peace of mind during retirement.