Benefit Connection Podcast

Episode #24 - Understanding PSRS + PEERS Dual Membership

Some members have service in both PSRS and PEERS. This can happen when someone begins their career as non-certificated and then obtains their DESE-issued teaching certificate or when a PEERS member begins working as an adjunct professor in a PSRS-covered position at a community college. In this episode, member education expert Jennifer Rissmiller breaks down how the two systems interact and what members should know as they plan for retirement.

You’ll learn:

• How members may earn service in both systems
• How vesting works and why reaching five years in each system matters
• How service can be recognized for retirement eligibility
• Options members have at retirement, including receiving two separate benefits
• When members might choose to refund, roll over, or purchase service

Jennifer also walks through real-life scenarios that show how these rules apply in real life. Listen now!

Disclaimer: The opinions expressed in this podcast do not necessarily reflect the views of the Public School and Education Employee Retirement Systems of Missouri. Any examples used are for demonstrative purposes and are not designed to be member specific. This podcast is intended to serve as a resource and is not a substitute for the law. If differences are stated between this podcast and the law, the law must prevail.