Retirement 


 
Certified Staff working a minimum of 17 hours per week are required to participate in the Missouri Teacher Retirement System. The current contribution rate is 14.5% of an employee’s salary plus board paid insurance. The contribution is matched by the District. No social security is withheld.
 
Support Staff employees who regularly work 20 hours or more per week are required to participate in the Public Education Employee’s Retirement System. The current contribution rate is 6.86% of an employee’s salary plus board paid insurance. The contribution is matched by the District.
 
Employee’s who have a valid Missouri teaching certificate working in a position not requiring a valid Missouri teaching certificate are required to participate in the PSRS. The current PSRS contribution rate is 9.67%. They are also required to contribute to social security. The contribution is matched by the District.
 
All of the above groups are required to contribute to Medicare. For more detailed information, reference the PSRS website, www.psrs-peers.org.
 

Early Retirement Announcement

Certificated staff announcing their retirement in writing to the Board prior to January 15 of the school year, will be paid a one-time retirement stipend of $1500.  Administrators announcing their retirement in writing to the Board prior to October 1 of the school year will be paid a one-time stipend of $1,500. The Early Retirement Announcement will be paid after notification from the Missouri Public School Retirement System.  For additional, detailed information concerning all Early Retirement Announcements, please review board policy GCBD.
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