Retirement:PSRS/PEERS:The Columbia Public School District contributes to the Public School Retirement System of Missouri (PSRS) and to the Public Education Employee Retirement System (PEERS), formerly known as Non-Teacher School Employee Retirement System of Missouri (NTRS), cost-sharing multiple-employer defined benefit pension plans.These plans provide retirement and disability benefits to employees and death benefits to members and beneficiaries.Click links below for retirement information:
- PSRS/PEERS Website - Beneficiary change forms etc.
- Planning for Retirement
- Things you need to know when you retire
Beneficiary Designation - If an employee’s death occurs before retirement, any amounts due will be paid in accordance with the employee’s last beneficiary designation. It is important that the employee keeps their listing current to ensure distribution of account funds as circumstances change, such as marriage, divorce, a child’s birth or attainment of adulthood, death of a previously named beneficiary, etc. For beneficiary change forms see the forms page.Voluntary Retirement program with the districts 403(b)/457(b):How it works: Effective January 1, 2017, TIAA will be the new third party administrator or record keeper. This means that for employees and retirees, the funds in the CPS 403(b)/457(b) will be transferred to TIAA in January 2017.