HR Update

HR Update is a way for MOSERS to communicate benefit news and updates with human resource and payroll representatives. Check back often and sign up to receive our emails. 

  • In This Edition

    Nov 16, 2021, 8:29 AM By MOSERS

    Employer Training Webinar – University Employers

    Domestic or Sexual Violence Leave

    Retirement Eligible Pay

    Beware of Financial Planning Emails

    From the Education Desk…

    Department Newsletters

    Benefits U Conference

    Encourage your Employees to Retire Online!

    Thank You!


  • Employer Training Webinar – University Employers

    Nov 16, 2021, 8:28 AM By MOSERS

    The next Employer Training Webinar will be for UNIVERSITY HR representatives only. If you are a University HR representative, keep an eye out for your email invite with the link to register. Topics will include CURP vs. MOSERS eligibility, transferring employees from CURP to MOSERS, employees working in multiple positions, termination and reemployment rules, and retirement eligible pay. MO Deferred Comp will be providing a brief overview of the plan, highlighting ongoing issues within EZ Link, and discussing upcoming plan changes. 


  • Domestic or Sexual Violence Leave

    Nov 16, 2021, 8:28 AM By MOSERS

    Employees approved for domestic or sexual violence leave will receive service and salary credit towards retirement for such leave up to the two-week maximum.

    We have added a new leave category for domestic or sexual violence to MOSERS’ Leave of Absence/Back to Work form.

    If an employee will not receive pay or is receiving partial or intermittent pay due to an approved domestic or sexual violence leave, please submit a Leave of Absence/Back to Work form via the Employer Login to ensure the employee receives the proper credit towards retirement.

    See our Leaves of Absence – Impact on MOSERS Benefits flyer for a complete reference of how various leave types impact MOSERS benefits.

  • Retirement Eligible Pay

    Nov 16, 2021, 8:28 AM By MOSERS

    Pay is a key component to the calculation of an employee’s future pension benefit. Part of the pension benefit formula takes into account an employee’s “final average pay,” which is the average of an employee’s highest consecutive 36 months of pay.

    We rely on you, the employer, to report the pay of your covered employees to MOSERS in order to calculate pension benefits accurately.

    While pay includes all salary and wages for personal services performed for a department, it excludes nonrecurring single-sum payments as well as payments for unused annual leave or sick leave. 

    Examples of payments that are excluded from reporting to MOSERS include allowances and reimbursements for items such as phones, meals, uniforms, mileage or commuting, education or tuition, and housing or moving expenses.

    For the convenience of our SAM II employers, the following is a comprehensive list of pay events and their associated codes that are excluded from reporting to MOSERS: 


  • Beware of Financial Planning Emails

    Nov 16, 2021, 8:27 AM By MOSERS

    Please share the following with your employees: It has recently come to our attention that some employees have received emails from financial planning companies implying they are partnered with MOSERS. The content of the emails suggests that members must pay for a meeting with a retirement counselor and that they can learn how to increase their retirement savings. This is inaccurate. MOSERS has not authorized any outside financial planners to advise our members on their MOSERS benefits. 

    As a reminder, the services offered through MOSERS and MO Deferred Comp are provided to MOSERS members at no cost. In regard to increasing their retirement savings, MOSERS members have the ability to meet with MO Deferred Comp financial education professionals to help make savings decisions as they prepare for retirement.

    We advise all MOSERS members to stay vigilant and double check the email address in messages before clicking on any links.


  • From the Education Desk…

    Nov 16, 2021, 8:27 AM By MOSERS

    2022 Education Schedule – Coming Soon!

    We are currently in the process of finalizing our 2022 education schedule and anticipate having registration for Ready to Retire sessions open by mid-December. The schedule includes both in-person seminars and online webinars.


  • Agency Newsletters

    Nov 16, 2021, 8:27 AM By MOSERS

    Does your agency have a periodic internal newsletter? We are always looking for new ways to get benefit information to our members. If your agency has a newsletter we would be happy to provide information regarding MOSERS benefits. Please answer a few questions in our survey to participate.


  • Benefits U Conference

    Nov 16, 2021, 8:27 AM By MOSERS

    If you haven’t had a chance yet to view the 2021 BU Recap, or to watch the recordings from each track, including downloading any session handouts, you still have time! These resources will be available on the Benefits U Conference page until the end of this year. 


  • Encourage your Employees to Retire Online!

    Nov 16, 2021, 8:27 AM By MOSERS

    The most convenient way to apply for retirement is online. Employees can complete both steps in the two-step retirement process all at once or leave and come back later to finish. Visit our Ready to Retire page for more information about the retirement process. These resources will help you make informed decisions during the retirement process:


  • Thank You!

    Nov 16, 2021, 8:27 AM By MOSERS

    As the Thanksgiving holiday approaches, we would like to sincerely thank all HR representatives for your hard work and dedication. As a liaison between MOSERS and our members, we sincerely appreciate your diligence and efforts to educate your staff on the benefits we offer. You make a difference in people’s lives every single day. Thank you and Happy Holidays!


  • Recently Updated Resources

    Nov 16, 2021, 8:26 AM By MOSERS

    Long-Term Disability Handbook – November 2021

    Retirement Guide – November 2021

    MOSERS Organization Chart – November 2021

    Smart Start Checklist – November 2021

    Judges’ Retirement Handbook – October 2021

    Benefits Provider Table – September 2021

    For more information please visit MOSERS' Online Library: https://www.mosers.org/library


  • In This Edition

    Oct 13, 2021, 8:39 AM By MOSERS

    Benefits U Conference Recap

    Annual Term Life Insurance Review

    CURP Transfers

    Termination and Reemployment Rules

    Transferring Sick Leave 


  • Benefits U Conference Recap

    Oct 13, 2021, 8:29 AM By MOSERS

    Thank you again for attending the 2021 Benefits U Conference! We certainly appreciate all of your feedback and invite you to enjoy the 2021 BU Recap! We have also reviewed and edited the recordings for each track and removed the introduction, breaks, and wrap-up sessions to allow direct access to the session content. All four tracks are on the BU Online page. This is a private channel accessible only via this link. If prompted, you may register to watch the recording by entering your name and email address. Each recording provides a timing breakdown and you may easily move through the recordings by using the progress bar at the bottom once you hit play. Recordings are also available on the BU Webpage.  

    Phoenix

    If you attended BU, you received a sneak peek of Phoenix! Phoenix is the new pension administration system, which you will be using to interact with MOSERS starting in the next 12 to 18 months. 

    For those of you who attended BU, if you felt overwhelmed with all the information regarding Phoenix, don’t worry! If you did NOT attend Benefits U, don’t worry!

    Thorough training and ongoing support are in the future and will be provided closer to our go-live date. Attendees saw how efficient and automated Phoenix will be as it interacts behind the scenes with SAM II and non-SAM II payroll files. This level of automation will improve the accuracy of our member data, which ultimately increases customer service.

    If you would like more information regarding Phoenix, you can read past HR Update articles about Phoenix here

    We cannot do what we do without YOU! Thank you for all of the work you put in to help us serve our members.

     


  • Annual Optional Life Insurance Review Reminder

    Oct 13, 2021, 8:27 AM By MOSERS

    We’re halfway through the 2022 Annual Life Insurance Review period. We will be sending e-mails reminding our eligible members of this opportunity, which ends on October 31st. During the month of October, members can log in to myMOSERS to increase their optional life insurance coverage, without having to prove insurability! Please encourage your employees to take advantage of this special opportunity to help provide financial security for their loved ones if something happens to them. Don’t miss out!


  • CURP Transfers

    Oct 13, 2021, 8:26 AM By MOSERS
    Attention University Employers: After participating in the College and University Retirement Plan (CURP) for at least six years, and while still employed in a CURP-covered position, an employee may elect to transfer their membership to the Missouri State Employees’ Plan 2011 (MSEP 2011). Please note that HR should mail the Transfer of CURP Membership form to MOSERS and ALSO enter the member into SEBES. When completing the SEBES entry, the date of transfer to MOSERS (their first day with MOSERS) should be entered as the hire date. See Transferring from CURP to MOSERS for more information. 

  • Termination and Reemployment Rules

    Oct 13, 2021, 8:25 AM By MOSERS

    Please share with your employees!

    Before receiving a benefit payment from MOSERS, IRS rules require a “bona fide termination” of a member’s employment. For purposes of MOSERS Board Rules, a "bona fide termination" occurs when:

    • They have completely severed employment;
    • They have not entered into a prearranged agreement (written or oral), prior to retirement, with the State of Missouri or any MOSERS-covered employer for subsequent employment on any basis (full-time, part-time, or other); and
    • They are not subsequently employed with the State of Missouri or any MOSERS-covered employer on any basis (full-time, part-time, or other) within 30 days after their employment with their prior employer has ended.

    For more information please see our  FAQs on Termination and Reemployment Rules and our Termination and Reemployment Rules flyer

    Please note that if they do not have a bona fide separation of service, their retirement will be null and void, meaning they will not receive their pension payments.


  • Transferring Sick Leave

    Oct 13, 2021, 8:25 AM By MOSERS

    Sick leave hours accrued by an employee at a MOSERS covered college or university may be transferred to a state agency or vice versa.

    To verify a member’s transferred sick leave from a state agency to a MOSERS covered college or university position, you will need to do the following:

    • The HR representative from the college or university will need to contact the SAM II HR representative from the employee’s previous state agency employer.
    • For agencies that do not report sick leave in SAM II, unused sick leave should be reported in hours only (not days). If the employee has no sick leave, please enter “0.” Do not leave blank.

    For retirement purposes, employees may receive service credit for unused sick leave as reported by the last employer only.


  • Recently Updated Resources

    Oct 13, 2021, 8:24 AM By MOSERS

  • In This Edition

    Sep 16, 2021, 9:26 AM By MOSERS

    30-Day Separation of Service Reminder 

    Annual Term Life Insurance Review

    Benefits U Conference

    Phoenix Update

    HR Update: New Tags Feature


  • 30-Day Separation of Service Reminder: Please share with employees

    Sep 16, 2021, 9:24 AM By MOSERS

    Before receiving a benefit payment from MOSERS, IRS rules require a “bona fide termination” of a member’s employment. For purposes of MOSERS Board Rules, a "bona fide termination" occurs when:

    • They have completely severed employment;
    • They have not entered into a prearranged agreement (written or oral), prior to retirement, with the State of Missouri or any MOSERS-covered employer for subsequent employment on any basis (full-time, part-time, or other); and
    • They are not subsequently employed with the State of Missouri or any MOSERS-covered employer on any basis (full-time, part-time, or other) within 30 days after their employment with their prior employer has ended.

    For more information please see our FAQs on Separation of Service.

    Please note that if they do not have a bona fide separation of service, their retirement will be null and void, meaning they will not receive their pension payments.


HR Update Subscription

Sign up to receive benefit news straight to your inbox

Capthca Security Code Enter the security code before submitting

Topics


Archive