The Kansas City Public School Retirement System (KCPSRS) was created in 1944 to benefit the employees of the Kansas City, Missouri, School District. After the Library System became an independent entity from the school district it was added as an employer, and was followed by Charter Schools located inside the boundaries of the district. The employees of KCPSRS are also in the Retirement System.
The System provides a defined benefit pension for eligible participants at retirement age with optional beneficiary provisions. It also provides disability coverage, pre-retirement death benefits and allows for the purchase of qualified service.
The System is financed through employer and employee contributions, and investment earnings. It is governed by a twelve member board of trustees under the statutory provisions of Missouri State Statutes Revised, 169.270 through 169.400 and various miscellaneous general statutes.