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YELLOW SHEET Office of the State Auditor of Missouri |
Report No. 2000-50
June 26, 2000
The following report is our review of the Public School Retirement System of Missouri.
There were no audit findings regarding this retirement system.
The State Auditor is required by state law to review the audits of the Public School Retirement System of Missouri. The system's Board of Trustees has contracted with private certified public accounting firms to perform annual financial audits of the retirement system.
The Public School Retirement System of Missouri was created August 1, 1945, and is governed by Chapter 169 of the Revised Statutes of Missouri. This system is a mandatory cost-sharing multiple employer retirement system for all full-time certificated employees and certain part-time certificated employees of all public school districts in Missouri (except the school districts of St. Louis and Kansas City) and all public community colleges. The system also includes certificated employees of Public School Retirement System, Non-Teacher School Employee Retirement System, Missouri State Teachers Association, Missouri State High School Activities Association, and certain state teachers who elected to remain covered by Public School Retirement System under legislation enacted in 1986, 1987, and 1989. A summary of the retirement, death, and disability benefits provided to members is included in our report.
