Contribution Rates Will Stay the Same for 2027-2028

The Public School and Education Employee Retirement Systems of Missouri (PSRS/PEERS) prioritizes stability and is pleased to announce contribution rates will remain unchanged for the 2027-2028 school year (July 1, 2027, through June 30, 2028).

"Maintaining steady contribution rates gives families and school districts the predictability they need," said PSRS/PEERS Executive Director Dearld Snider. "Our disciplined approach, long-view investment strategies, and the steadfast support from our members have all contributed to this stability. Together, we’re ensuring a strong foundation for the future."

The PSRS/PEERS Board of Trustees voted to maintain current contribution rates at its October meeting, following a recommendation from PwC US, the System’s actuary.

Understanding Member Contributions

Members’ contributions come out of their paycheck untaxed and are credited to their individual membership. PSRS/PEERS returns member contributions to the member or a beneficiary in monthly retirement benefits or a lump-sum payment. Most members receive more in retirement benefits than they contribute while working. In fact, most PSRS/PEERS retirees recover all their contributions within their first five years of retirement — and continue receiving benefits for life.

Understanding Employer Contributions

Employer contributions do not go into individual memberships. Instead, they go into a general reserve to fund future retirement benefits for all members. As a result, they do not return to members in any lump-sum payments.

See Your Contributions

To see the contributions that you have made during your membership, log in to Web Member Services at https://wms.psrs-peers.org.