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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.
Tools for Active Members
- View Member Statements
- Estimate Service Retirement Benefits
- Calculate a Purchase Cost
- File for Service Retirement Online
Tools for Retirees and Beneficiaries
Retirement Education
We want to help you learn more about your benefits and retirement system. Our counselors are here to help you get all the information you need, and offer a variety of educational opportunities to best fit your busy life.
View PSRS Education Options » View PEERS Education Options »PSRS/PEERS News
January 2015 COLA Set at 2% to Keep Pace with Inflation
The PSRS/PEERS Board of Trustees set the 2015 cost-of-living adjustment (COLA) at 2% during their August 25, 2014 meeting. Eligible benefit recipients will receive the COLA effective with January 30, 2015 benefit payments.
PSRS/PEERS provides COLAs for eligible benefit recipients to help their retirement income keep pace with the cost of living during times of inflation. According to the Consumer Price Index for Urban Consumers (CPI-U) as measured by the U.S. Bureau of Labor Statistics, the rate of inflation July 1, 2013 to June 30, 2014 was 2.07%.
How COLAs are Determined
The Board follows the guidelines set in Missouri law with regard to COLAs. In addition, since August 2011, PSRS/PEERS COLAs have been determined according to the Funding Stabilization Policy adopted by the Board of Trustees. This policy has helped stabilize contributions, improve the pre-funded status of the Systems, while also providing inflation protection for benefit recipients.
"The Board understands how important this inflation protection is to our retirees," said Board Chairman, Aaron Zalis. "We are pleased that our funding policy has allowed us to continue to provide COLAs while also safeguarding the Systems' solid funding status."
Under the policy, the COLA can range between 0% and 5%, and is based on the change in the CPI-U for the preceding fiscal year (July 1 to June 30).
| Change in CPI-U | COLA |
|---|---|
|
Less than 0% |
0% |
|
0%-5% |
2% |
|
5% or more |
5% |
Who is Eligible for COLAs
PSRS service and disability retirees are eligible for COLAs on monthly benefits beginning the second January following their retirement date. For example, a PSRS member who retired July 1, 2014 is eligible for COLAs in January 2016.
PSRS members are no longer eligible to receive COLA's once they reach the 80% COLA cap. The chart below summarizes PSRS COLA eligibility.
| Retired in 1987 and earlier | You have reached your 80% COLA cap |
|
Retired in 1988 |
0.58% COLA |
|
Retired in 1989-2013 |
2.00% COLA |
|
Retired in 2014 |
Not yet eligible for a COLA |
PEERS service and disability retirees are eligible for COLAs on monthly benefits beginning the fourth January following their retirement date. For example, a PEERS member who retired July 1, 2014 is eligible for COLAs in January 2018.
PEERS members are no longer eligible to receive COLA's once they reach the 80% COLA cap. The chart below summarizes PEERS COLA eligibility.
| Retired in 1987 and earlier | You have reached your 80% COLA cap |
|
Retired in 1988 |
1.27% COLA |
|
Retired in 1989-2011 |
2.00% COLA |
|
Retired in 2012-2014 |
Not yet eligible for a COLA |
Qualified PSRS/PEERS beneficiaries can also receive COLAs.
If you are eligible for a COLA, it will be effective with your January 30, 2015 benefit. You will receive information regarding your new benefit amount in your annual Benefit Statement, mailed in January. Information will also be available by logging in to view your membership information.
January 2015 COLA Set at 2% to Keep Pace with Inflation
The PSRS/PEERS Board of Trustees set the 2015 cost-of-living adjustment (COLA) at 2% during their August 25, 2014 meeting. Eligible benefit recipients will receive the COLA effective with January 30, 2015 benefit payments.
PSRS/PEERS provides COLAs for eligible benefit recipients to help their retirement income keep pace with the cost of living during times of inflation. According to the Consumer Price Index for Urban Consumers (CPI-U) as measured by the U.S. Bureau of Labor Statistics, the rate of inflation July 1, 2013 to June 30, 2014 was 2.07%.
How COLAs are Determined
The Board follows the guidelines set in Missouri law with regard to COLAs. In addition, since August 2011, PSRS/PEERS COLAs have been determined according to the Funding Stabilization Policy adopted by the Board of Trustees. This policy has helped stabilize contributions, improve the pre-funded status of the Systems, while also providing inflation protection for benefit recipients.
"The Board understands how important this inflation protection is to our retirees," said Board Chairman, Aaron Zalis. "We are pleased that our funding policy has allowed us to continue to provide COLAs while also safeguarding the Systems' solid funding status."
Under the policy, the COLA can range between 0% and 5%, and is based on the change in the CPI-U for the preceding fiscal year (July 1 to June 30).
| Change in CPI-U | COLA |
|---|---|
|
Less than 0% |
0% |
|
0%-5% |
2% |
|
5% or more |
5% |
Who is Eligible for COLAs
PSRS service and disability retirees are eligible for COLAs on monthly benefits beginning the second January following their retirement date. For example, a PSRS member who retired July 1, 2014 is eligible for COLAs in January 2016.
PSRS members are no longer eligible to receive COLA's once they reach the 80% COLA cap. The chart below summarizes PSRS COLA eligibility.
| Retired in 1987 and earlier | You have reached your 80% COLA cap |
|
Retired in 1988 |
0.58% COLA |
|
Retired in 1989-2013 |
2.00% COLA |
|
Retired in 2014 |
Not yet eligible for a COLA |
PEERS service and disability retirees are eligible for COLAs on monthly benefits beginning the fourth January following their retirement date. For example, a PEERS member who retired July 1, 2014 is eligible for COLAs in January 2018.
PEERS members are no longer eligible to receive COLA's once they reach the 80% COLA cap. The chart below summarizes PEERS COLA eligibility.
| Retired in 1987 and earlier | You have reached your 80% COLA cap |
|
Retired in 1988 |
1.27% COLA |
|
Retired in 1989-2011 |
2.00% COLA |
|
Retired in 2012-2014 |
Not yet eligible for a COLA |
Qualified PSRS/PEERS beneficiaries can also receive COLAs.
If you are eligible for a COLA, it will be effective with your January 30, 2015 benefit. You will receive information regarding your new benefit amount in your annual Benefit Statement, mailed in January. Information will also be available by logging in to view your membership information.
Life Events
When life brings changes your way, it can also impact your PSRS/PEERS membership. Click below for more information.
A New Member
Welcome! Create a Web Member Services account to stay informed about your membership.
Newly Married
If you are recently married, it can impact your beneficiary designations.
A New Parent
Birth or adoption of a child requires you to update your beneficiary designations.
Recently Divorced
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
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
Apply for service retirement online using Web Member Services, or using paper forms found on this website.
Leaving Your Job
You have options when temporarily or permanently leaving covered employment.
A Working Retiree
It is important to understand post-retirement work limits and how they may impact your benefit payments.
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
As of December 31, 2023, approximately 110,000 individuals received benefits from PSRS/PEERS. Total annual benefits paid was over $3.7 billion. Of this amount, over $3.3 billion, or 88%, was distributed among Missouri's 114 counties, positively impacting the state's economy.
PSRS/PEERS Funding
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.
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