Kansas Public Employees Retirement System (KPERS) vs Missouri Public School Retirement System (PSRS)
Side-by-side pension health comparison from DOL and public plan data
Kansas Public Employees Retirement System (KPERS) (B) and Missouri Public School Retirement System (PSRS) (A) are close on the LakeQuality rubric. Funding ratios sit at 72% and 84% respectively — within a few points of each other.
With grades this close, the comparison turns on plan-specific factors: status (active vs frozen), participant maturity, sponsor financial health, and multi-year trajectory rather than the headline composite.
Verdict
Missouri Public School Retirement System (PSRS) has a stronger Pension Health Score of 80/100 (A) compared to Kansas Public Employees Retirement System (KPERS) at 68/100 (B). Funding ratios differ by 11.5 percentage points (83.8% vs 72.3%). Missouri Public School Retirement System (PSRS) covers 220,000 participants.
| Metric | Kansas Public Employees Retirement System (KPERS) | Missouri Public School Retirement System (PSRS) |
|---|---|---|
| Health Score Composite of funding ratio, trend, and PBGC risk | 68/100 (B) | 80/100 (A)* |
| Funding Ratio Assets as % of liabilities (100%+ is fully funded) | 72.3% | 83.8%* |
| Total Assets | $24.8B | $47.0B |
| Total Liabilities | $34.3B* | $56.1B |
| Unfunded Liability | $9.5B | $9.1B* |
| Participants | 328,000 | 220,000 |
| 1-Year Investment Return | 5.9% | 6.3%* |
| Plan Type | public | public |
| PBGC Risk Level | moderate | low |
| Sponsor | State of Kansas | State of Missouri |
Missouri Public School Retirement System (PSRS) has a stronger Pension Health Score of 80/100 (A) compared to Kansas Public Employees Retirement System (KPERS) at 68/100 (B). Funding ratios differ by 11.5 percentage points (83.8% vs 72.3%). Missouri Public School Retirement System (PSRS) covers 220,000 participants.