Missouri Public School Retirement System (PSRS)
public plan · State of Missouri · Jefferson City, MO
Funding History
What This Means for You
Missouri Public School Retirement System (PSRS) is in excellent financial health at 84% funded. This means for every dollar the plan owes in future benefits, it has 84 cents in assets to cover it. As a public pension, benefits are typically backed by the taxing authority of the sponsoring government. Participants in this plan have relatively low risk of benefit reductions.
Year-by-Year Funding
| Year | Assets | Liabilities | Funding Ratio | Contributions |
|---|---|---|---|---|
| 2023 | $47.0B | $56.1B | 83.8% | $2.2B |
| 2022 | $45.6B | $54.9B | 83.0% | $2.1B |
| 2021 | $44.2B | $51.4B | 86.0% | $2.1B |
| 2020 | $42.8B | $53.5B | 80.0% | $2.0B |
| 2019 | $41.4B | $50.4B | 82.0% | $1.9B |
Frequently Asked Questions
Missouri Public School Retirement System (PSRS) is 84% funded, meaning it has 84 cents in assets for every dollar in future benefit obligations. This is considered healthy by actuarial standards.
Missouri Public School Retirement System (PSRS) has 220,000 total participants, including 112,000 active employees and 108,000 retirees currently receiving benefits.
Missouri Public School Retirement System (PSRS) is not covered by the PBGC. Benefits depend entirely on the plan's assets and the sponsor's ability to fund it.
The Pension Health Score (0-100, A-F) measures a pension plan's financial strength based on funding ratio (50%), funding trend over 3 years (30%), and PBGC risk level (20%). Higher scores indicate more secure retirement benefits.
Pension Health Score is calculated from funding ratio, 3-year funding trend, and PBGC risk classification.