Psrs 1238-2026

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Cost-of-Living Adjustments (COLAs) The January 2025 COLA is 2%. Current Missouri law states that COLAs cannot exceed 5% per year and the dollar amount of the COLAs in your lifetime cannot exceed 80% of your original monthly retirement benefit.
PSRS benefits are subject to federal income taxes, and Missouri income taxes if you live in Missouri.
Age 60 with at least five years of service.
If you are a Class T-D member, you will receive an annual retirement benefit based on a 2.5% multiplier. The service eligible for this higher multiplier is school service.

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