The Public School Retirement System of Missouri (PSRS)
Welcome to your retirement system – the Public School Retirement System of Missouri, or PSRS for short. You started contributing to your PSRS retirement when you began work for a school district that is covered by PSRS. Now, we want you to know that we are here to help you on your way to a financially secure retirement.
PSRS is a Defined Benefit (DB) pension plan, which means you’ll receive steady, reliable income after you retire, no matter how long you live. In fact, most members receive much more in retirement benefits than they put in while working.
Right now is the time to learn more about PSRS, even though retirement may be years away. If you stay informed about your membership, you will get the most from your retirement. Here’s a quick look at the advantages and benefits you have as a member of PSRS. Let’s start planning your future—today.
Looking for information regarding your membership?
Membership Advantages
- The amount of your contributions to PSRS does not impact the amount of your benefits.
- Benefit amounts are based on a formula that is set by Missouri law.
- Our professional investment staff and managers invest your PSRS contributions for you.
- Financial protection is available for your loved ones in the event of your death before or after retirement, including a $5,000 death benefit.
- Disability benefits are available to members who qualify.
- Cost-of-living adjustments are granted on service and disability retirement benefits when eligibility and economic requirements are met.
Education and Counseling
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 counseling and educational opportunities to best fit your busy life.
Service Purchases
Purchasing or reinstating service can increase your benefit amount or help you retire with a higher benefit formula. All members are eligible to purchase some type of service before PSRS retirement.
Service Retirement
Eligibility for service retirement is determined by your age and/or years of service. Service retirement benefits are calculated using a predetermined formula and are payable for life, with various benefit payment plans to choose from.
Disability Retirement
If you develop an illness or sustain an injury that prevents you from working in any occupation, you may be eligible for PSRS disability benefits. The cause of your disability does not have to be work-related.
Working After Retirement
Working at a PSRS-covered employer after retirement can be beneficial. However, if you work for a PSRS-covered employer, your work is subject to limits. If you exceed a limit that applies to you, it will affect the payment of your retirement benefits.
Benefit Recipients
Are you a retiree or a beneficiary of a member? Stay informed about the retirement system and keep us informed when your contact information changes.
Taxes and Your Benefit
PSRS employees do not offer tax advice. The following information is provided as a reference only. It is recommended that you speak with your tax professional or the Missouri Department of Revenue for tax advice.
Survivor Benefits
PSRS offers valuable financial protection for your family if you die before retirement or while receiving PSRS disability retirement benefits.
Forms and Resources
Here's where you'll find printable forms, our list of FAQs and publications such as brochures and Member Handbooks.