All full-time employees are enrolled in the Public School and Education Employee Retirement Systems of Missouri (PSRS/PEERS) which provide service retirement, disability, and survivor benefits to nearly 130,000 active members and over 65,000 retired Missouri public school teachers, school employees, and their families.
Faculty/Administrative/ Professional Staff employees are members of PSRS. Effective July 1, 2011, retirement is 14.5% contribution by the employee with matching contribution by the college into the Public School Retirement System (PSRS). Employees who are members of PSRS do not pay social security, only Medicare.
Support Staff employees are members of PEERS. Effective July 1, 2011, retirement is 6.86% employee contribution with matching contribution by the college into the Public Education Employee Retirement System (PEERS).
403b Plan – Tax sheltered annuities are available to employees from the following companies: American Century, American Funds Service, The Equitable, Metlife, TIAA-CREF, and VALIC.
For additional information on the 403b Plan, go to http://www.midamerica.biz/
457 Plan - Employee Deferred Compensation plans are available through TIAA-CREF.
