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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

Contribution Rates to Remain at Current Levels for Fourth Consecutive School Year

At the October 28, 2013 Public School and Education Employee Retirement Systems of Missouri (PSRS/PEERS) Board of Trustees' meeting, the Board voted to maintain the current contribution rates for both PSRS and PEERS members for the 2014-2015 school year. This action was based on the recommendation of the Systems' actuary, PricewaterhouseCoopers. The ability to hold the contribution rates at the same level is primarily due to the Board's adoption of the Funding Stabilization Policy in 2011.

The contribution rate for PSRS members and employers will remain at a combined total of 29%, with PSRS members paying 14.5% and employers paying 14.5%. For PEERS members and employers, the rate will remain at a combined total of 13.72%, with PEERS members paying 6.86% and employers paying 6.86%. These rates have been in effect since July 1, 2011.

PSRS Contribution Rates
Employee Rate Employer Rate Combined Rate
14.5% 14.5% 29%
PEERS Contribution Rates
Employee Rate Employer Rate Combined Rate
6.86% 6.86% 13.72%

"The Funding Stabilization Policy was adopted, in part, to maintain contribution rate stability for our employers and our members," said Dr. Aaron Zalis, chairman of the PSRS/PEERS Board of Trustees. "The actuary's recommendation to keep rates stable demonstrates the effectiveness of the policy."

According to PricewaterhouseCoopers, both PSRS and PEERS remain over 80% pre-funded and are considered to be financially stable.

As part of the Funding Stabilization Policy, the Board also recently approved a 2% cost-of-living adjustment (COLA) for all eligible benefit recipients effective January 2014.

PSRS/PEERS proudly partners with Missouri's public school districts and our members to provide retirement security to almost 242,000 active and retired public education employees and their families.

Contribution Rates to Remain at Current Levels for Fourth Consecutive School Year

At the October 28, 2013 Public School and Education Employee Retirement Systems of Missouri (PSRS/PEERS) Board of Trustees' meeting, the Board voted to maintain the current contribution rates for both PSRS and PEERS members for the 2014-2015 school year. This action was based on the recommendation of the Systems' actuary, PricewaterhouseCoopers. The ability to hold the contribution rates at the same level is primarily due to the Board's adoption of the Funding Stabilization Policy in 2011.

The contribution rate for PSRS members and employers will remain at a combined total of 29%, with PSRS members paying 14.5% and employers paying 14.5%. For PEERS members and employers, the rate will remain at a combined total of 13.72%, with PEERS members paying 6.86% and employers paying 6.86%. These rates have been in effect since July 1, 2011.

PSRS Contribution Rates
Employee Rate Employer Rate Combined Rate
14.5% 14.5% 29%
PEERS Contribution Rates
Employee Rate Employer Rate Combined Rate
6.86% 6.86% 13.72%

"The Funding Stabilization Policy was adopted, in part, to maintain contribution rate stability for our employers and our members," said Dr. Aaron Zalis, chairman of the PSRS/PEERS Board of Trustees. "The actuary's recommendation to keep rates stable demonstrates the effectiveness of the policy."

According to PricewaterhouseCoopers, both PSRS and PEERS remain over 80% pre-funded and are considered to be financially stable.

As part of the Funding Stabilization Policy, the Board also recently approved a 2% cost-of-living adjustment (COLA) for all eligible benefit recipients effective January 2014.

PSRS/PEERS proudly partners with Missouri's public school districts and our members to provide retirement security to almost 242,000 active and retired public education employees and their families.

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

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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

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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

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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

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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

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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.