PSRS/PEERS slogan

Web Member Services

married couple browsing on a tablet device, smiling

Securely access your membership information from any device with internet access. Visit Web Member Services today and try out the new Benefit Estimator to see what your estimated retirement date and benefit could be!

PSRS/PEERS News

Legislation Making 25-and-Out Provision Permanent; Extending PSRS 2.55% Benefit Factor Passes and Awaits Governor's Approval

The 97th Regular Session of the Missouri Legislature officially ended Friday, May 17, at 6 p.m. On the final day, legislation was approved making the 25-and-Out early retirement provision a permanent retirement option for members of the Public School and Education Employee Retirement Systems of Missouri (PSRS/PEERS). The same bill also extends the availability of the PSRS 2.55% benefit factor for 31 or more years of service through July 1, 2014.

CCS HCS SCS Senate Bill 17 passed both the Missouri House and Senate, and was sent to the governor, who can sign legislation into law any time through July 14, 2013. The governor has the option to veto the bill. If he takes no action on the bill, it still becomes law. It has an effective date of August 28, 2013.

How This Affects Members

Under current law, the 25-and-Out retirement provision for PSRS and PEERS members and the 2.55% benefit factor for PSRS members are available through July 1, 2013, and then expire.

If this legislation becomes law, the provisions will become effective on August 28, 2013 and available to members retiring on or after September 1, 2013. The 25-and-Out provision becomes permanent with no expiration date, and the PSRS 2.55% benefit factor remains in effect through July 1, 2014.

  • Neither of these provisions will be available to members retiring effective August 1, 2013.
  • Qualified PSRS and PEERS members with effective retirement dates on or after September 1, 2013 can retire using the 25-and-Out early retirement provision.
  • PSRS members with 31 or more years of service at retirement who retire effective September 1, 2013 through July 1, 2014 will have their benefits calculated using the 2.55% benefit factor.

For More Information

You can find more information regarding 25-and-Out for PSRS Members, 25-and-Out for PEERS Members, and the PSRS 2.55% Benefit Factor on this website.

We are committed to answering any questions you may have as efficiently as possible. Please feel free to contact any of our trained representatives for assistance at (800) 392-6848 or email us.

Legislation Making 25-and-Out Provision Permanent; Extending PSRS 2.55% Benefit Factor Passes and Awaits Governor's Approval

The 97th Regular Session of the Missouri Legislature officially ended Friday, May 17, at 6 p.m. On the final day, legislation was approved making the 25-and-Out early retirement provision a permanent retirement option for members of the Public School and Education Employee Retirement Systems of Missouri (PSRS/PEERS). The same bill also extends the availability of the PSRS 2.55% benefit factor for 31 or more years of service through July 1, 2014.

CCS HCS SCS Senate Bill 17 passed both the Missouri House and Senate, and was sent to the governor, who can sign legislation into law any time through July 14, 2013. The governor has the option to veto the bill. If he takes no action on the bill, it still becomes law. It has an effective date of August 28, 2013.

How This Affects Members

Under current law, the 25-and-Out retirement provision for PSRS and PEERS members and the 2.55% benefit factor for PSRS members are available through July 1, 2013, and then expire.

If this legislation becomes law, the provisions will become effective on August 28, 2013 and available to members retiring on or after September 1, 2013. The 25-and-Out provision becomes permanent with no expiration date, and the PSRS 2.55% benefit factor remains in effect through July 1, 2014.

  • Neither of these provisions will be available to members retiring effective August 1, 2013.
  • Qualified PSRS and PEERS members with effective retirement dates on or after September 1, 2013 can retire using the 25-and-Out early retirement provision.
  • PSRS members with 31 or more years of service at retirement who retire effective September 1, 2013 through July 1, 2014 will have their benefits calculated using the 2.55% benefit factor.

For More Information

You can find more information regarding 25-and-Out for PSRS Members, 25-and-Out for PEERS Members, and the PSRS 2.55% Benefit Factor on this website.

We are committed to answering any questions you may have as efficiently as possible. Please feel free to contact any of our trained representatives for assistance at (800) 392-6848 or email us.

Web Member Services

married couple browsing on a tablet device, smiling

Securely access your membership information from any device with internet access. Visit Web Member Services today and start tracking your progress towards a secure retirement.

Retirement Planning

middle-aged man posing in front of a classroom, smiling

It's never too early to begin planning for retirement. How much do you know about your retirement plan and the benefits you are entitled to receive? Even though retirement may still be years away, there are things you can do right now to make sure you get the most from your PSRS membership.

Working After Retirement

middle-aged woman posing in a school hallway, smiling

Working at a PSRS/PEERS-covered employer after retirement can affect the payment of your retirement benefits. Make sure you understand the limits as they apply to your position.

PSRS/PEERS Funding

cropped image of dollar bill, showing percentage of funding 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.

The Missouri Model

Missouri-Model-promo

The "Missouri Model" is used in the retirement industry to describe our trust fund's operational model as the one others aspire to emulate. PSRS, as measured against all other large public retirement systems, is clearly one of, if not the top retirement system in the nation.

Benefits by County

Benefits-by-County-promo

As of June 30, 2019, over 94,000 individuals received benefits from PSRS/PEERS. Total annual benefits paid were nearly $3 billion. Of this amount, more than $2.6 billion, or 89%, was distributed among Missouri's 114 counties, positively impacting the state's economy.