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These tools and more are available in Web Member Services, the PSRS/PEERS online, self-service membership information portal. Click the links below if you already have a Web Member Services account or register to activate your account.


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PSRS/PEERS News

Board Holds Interest Rate Earned on Member Contributions, Rate Charged on Reinstatements and Purchases

At the April 14 meeting of the Public School and Education Employee Retirement Systems of Missouri (PSRS/PEERS) Board of Trustees, the Board voted to keep the interest rate earned on eligible members' contributions at 1% for June 30, 2014. They also voted to keep the interest rate charged on reinstatements and those service purchases accruing interest at 8% for the 2014-2015 school year.

Interest on Retirement Contributions

Each April, the Board sets the interest rate paid on members' contributions to the Retirement Systems. On June 30 of each year, interest is credited based on the previous June 30 balance. This occurs until the membership is closed due to retirement, refund, death or absence from covered employment by a non-vested member.

Historically, the rate of interest paid on members' contributions has been set at a level similar to current rates on the average savings account. The interest rate has been 1% since June 30, 2010.

This interest rate has no impact on the amount of monthly retirement benefits. Interest is paid to inactive members who request refunds, and to the beneficiaries of deceased members who receive a lump-sum payment of a member's contributions and interest.

"Interest rates have remained relatively stable, but historically low again this year," said PSRS/PEERS Executive Director Steve Yoakum. "The Board and staff believe the 1% rate of interest continues to be fair for our members."

Interest on Reinstatements and Service Purchase Balances

The Board also voted to keep the interest rate charged on reinstatements of previously forfeited PSRS/PEERS service and applicable service purchases at 8%. According to Board regulations, the interest rate on reinstatements and purchases is based on the Systems' assumed, or target rate of return on investments. The actuarially assumed rate of return and interest rate on reinstatements/purchases have both been 8% since July 1, 1980.

Board Holds Interest Rate Earned on Member Contributions, Rate Charged on Reinstatements and Purchases

At the April 14 meeting of the Public School and Education Employee Retirement Systems of Missouri (PSRS/PEERS) Board of Trustees, the Board voted to keep the interest rate earned on eligible members' contributions at 1% for June 30, 2014. They also voted to keep the interest rate charged on reinstatements and those service purchases accruing interest at 8% for the 2014-2015 school year.

Interest on Retirement Contributions

Each April, the Board sets the interest rate paid on members' contributions to the Retirement Systems. On June 30 of each year, interest is credited based on the previous June 30 balance. This occurs until the membership is closed due to retirement, refund, death or absence from covered employment by a non-vested member.

Historically, the rate of interest paid on members' contributions has been set at a level similar to current rates on the average savings account. The interest rate has been 1% since June 30, 2010.

This interest rate has no impact on the amount of monthly retirement benefits. Interest is paid to inactive members who request refunds, and to the beneficiaries of deceased members who receive a lump-sum payment of a member's contributions and interest.

"Interest rates have remained relatively stable, but historically low again this year," said PSRS/PEERS Executive Director Steve Yoakum. "The Board and staff believe the 1% rate of interest continues to be fair for our members."

Interest on Reinstatements and Service Purchase Balances

The Board also voted to keep the interest rate charged on reinstatements of previously forfeited PSRS/PEERS service and applicable service purchases at 8%. According to Board regulations, the interest rate on reinstatements and purchases is based on the Systems' assumed, or target rate of return on investments. The actuarially assumed rate of return and interest rate on reinstatements/purchases have both been 8% since July 1, 1980.


Life Events

When life brings changes your way, it can also impact your PSRS/PEERS membership. Click below for more information.

A New Member

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Welcome! Create a Web Member Services account to stay informed about your membership.

Newly Married

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If you are recently married, it can impact your beneficiary designations.

A New Parent

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Birth or adoption of a child requires you to update your beneficiary designations.

Recently Divorced

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If you named your spouse as a beneficiary, divorce means you may need to update your beneficiary designations. Some divorced retirees may also have options for benefit increases, or "pop-ups."

Moving

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Keep your contact information up-to-date so we can communicate with you about your membership and ensure benefits are paid according to your wishes.

Ready to Retire

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Apply for service retirement online using Web Member Services, or using paper forms found on this website.

Leaving Your Job

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You have options when temporarily or permanently leaving covered employment.

A Working Retiree

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It is important to understand post-retirement work limits and how they may impact your benefit payments.

PSRS/PEERS Quick Facts

2024 PSRS/PEERS Quick Facts

For 77 years, we have embraced change for long-term success. We will continue to adapt, evolve and innovate to ensure the ongoing excellence of PSRS/PEERS’ plan design, professional plan management, strong investment performance and outstanding commitment to our more than 307,000 members.

Benefits by County

map of Missouri showing benefits paid to each county

As of June 30, 2024, approximately 110,000 individuals received benefits from PSRS/PEERS. Total annual benefits paid was over $3.8 billion. Of this amount, approximately $3.4 billion, or 88%, was distributed among Missouri's 114 counties, positively impacting the state's economy.

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.