Public School Retirement System (PSRS): Certified

    • PSRS provides lifetime retirement benefits for Missouri public school teachers. Your lifetime retirement benefits are determined by a pre-defined formula that includes:
      • A benefit factor set by the Missouri Legislature
      • Your salary (including employer-paid health, dental and vision insurance premiums)
      • Your age and/or years of service with PSRS at retirement

    • When you have five years PSRS service you are vested and can receive lifetime retirement benefits when eligible.

    • PSRS' funding comes from three sources: member contributions, employer contributions and investment earnings.

    • Your employer contributes the same amount. The contribution rate for the 2018-2019 school year (July 1 to June 30) is 14.5%.

    • PSRS contributions are automatically deducted from your salary, pre-tax, to help fund your benefits. Your contributions and interest are always returned to you or to your beneficiary, in the form of monthly benefits or a refund of your contributions and interest.

    • Most PSRS members do not pay Social Security taxes on their earnings while employed by PSRS-covered employers.

    • For more information, visit https://www.psrs-peers.org/PSRS

     

Public Education Employee Retirement System (PEERS): Non-Certified

    • PEERS is a Defined Benefit (DB) pension plan, providing predictable retirement income for life for qualified Missouri public school employees, no matter how long you live. In most cases, the retirement benefits paid to PEERS members greatly exceed the funds they contribute while working.

    • Your lifetime retirement benefits are determined by a pre-defined formula that includes:
      • A benefit factor set by the Missouri Legislature
      • Your salary (including employer-paid health, dental and vision insurance premiums)
      • Your  years of service with PEERS at retirement

    • When you have five years PEERS service you are vested and can receive lifetime retirement benefits when eligible.

    • PEERS' funding comes from three sources: member contributions, employer contributions and investment earnings.

    • PEERS contributions are automatically deducted from your pay, pre-tax, to help fund your benefits.  For 2018-2019, the contribution rate is 6.86% of your salary. Your employer contributes an equal amount.

    • Employer contributions are paid into a general fund used to pay benefits for retirees and beneficiaries.As a member, you have this guarantee: your contributions and the accrued interest are always returned to you or your beneficiary in the form of monthly benefits or a lump-sum payment.

    • For more information, visit https://www.psrs-peers.org/PEERS