Employer News

2008-2009 Contribution Rate Set

The PSRS/PEERS Board of Trustees, at their October Board meeting, set the PSRS and PEERS contribution rates for the 2008-2009 school year. The member and employer matching contribution rates will increase to 13.00% of compensation for PSRS members, and 6.25% of compensation for PEERS members. The employer contribution rate required for full-time retiree employment also increases to 13.00% for full-time PSRS retirees and 6.25% for full-time PEERS retirees.

Employer Reporting Quarterly

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New Regulation Regarding Working After Retirement

New regulations adopted by the PSRS/PEERS Board of Trustees may prevent school district employees from retiring and being immediately reemployed while collecting retirement benefits. 

An employee cannot collect retirement until he or she has terminated employment.  The new regulation, which went into effect April 30, 2007, states that an employee is not considered to have terminated employment for the purposes of collecting retirement if the employee is employed in a position covered by the retirement system within sixty (60) days after the effective date of retirement, or has executed a contract to be employed in a position covered by the retirement system prior to the receipt of the first retirement payment.  Any employee whose retirement becomes effective on or after May 1, 2007, must abide by this new regulation.

This regulation does not apply to persons employed as a substitute because that is not considered a position covered by the retirement system.  Retirees who are simply finishing a summer school term that extends past the employee’s effective retirement date may not be affected by this regulation either, if the hours worked do not qualify for PSRS/PEERS membership. 

EMERS and Microsoft Vista

We have successfully concluded our internal testing of EMERS on the new Vista Operating System, and we have additionally conducted a successful implementation at an employer site.  Based on our testing, EMERS appears to be compatible with Vista.  Please contact our office if you have any questions.