Board of Trustees Unanimously Votes to Maintain Contribution Rates

Contribution rates for PSRS and PEERS members and employers will not change for the 2016-2017 school year.

2016-2017 PSRS Contribution Rates
Employee Rate Employer Rate Combined Rate
14.5% 14.5% 29%
2016-2017 PEERS Contribution Rates
Employee Rate Employer Rate Combined Rate
6.86% 6.86% 13.72%

At the October 26, 2015 Public School and Education Employee Retirement Systems of Missouri (PSRS/PEERS) Board of Trustees' meeting, the Board voted unanimously to maintain the current contribution rates for the 2016-2017 school year. This action was based on the recommendation of the Systems' actuary, PricewaterhouseCoopers (PwC).

According to PwC, PSRS is 83.9% prefunded and PEERS is 86.8% prefunded. Both are considered to be financially healthy. PwC indicated that there could be an impact on the future pre-funded status and contribution rates dependent on investment and actuarial assumptions, which are currently being reviewed.

PSRS/PEERS is primarily funded by investment earnings, but also through the contributions made by you and your employers. PSRS/PEERS contributions are automatically deducted from your pay and are credited to your individual membership. You do not pay taxes on your contributions until you receive them back from PSRS/PEERS as monthly benefits or a lump-sum payment.

For more information on your PSRS/PEERS contributions and how they help fund benefits, refer to your Member Handbook found on the publications page of this website.

For specific information regarding the contributions you have made to PSRS/PEERS during your membership, refer to your annual Member Statement, which will be mailed to you in November. Your statement will also be available in November via PSRS/PEERS Web Member Services.

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