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. 

  • Employer Retirement Contribution Rate Changes

    Jun 13, 2024, 10:01 AM By MOSERS

    The employer retirement contribution rate is calculated by MOSERS’ external actuary and is certified by the MOSERS Board of Trustees annually.

    As a reminder, the employer retirement contribution rates for MSEP, MSEP 2000, and MSEP 2011, as well as for the Judicial Plan and Judicial Plan 2011, are changing effective July 1, 2024.

    The changes to the employer retirement contribution rates for the respective plans, effective July 1, 2024, are as follows:

    Fiscal YearEffective DateMSEP, MSEP 2000, MSEP 2011Judicial Plan, Judicial Plan 2011
    FY2507/01/202428.75%61.34%
    FY2407/01/202327.26%59.83%
     

    There are no changes to the employer contribution rates for CURP, basic life insurance, and long-term disability benefits.

    If you are a local employer, please take note and adjust retirement contributions, effective July 1, 2024, as needed.

    If you are a SAM II employer, contributions occur automatically as a percentage of payroll, and you do not need to take any additional action.

    See Employer Contributions for more information.

  • Refund of Employee Contributions

    Feb 21, 2024, 8:02 AM By MOSERS

    When an MSEP 2011 or Judicial Plan 2011 employee leaves state employment and is not yet eligible for normal retirement, they may either take a refund of their employee contributions or leave their contributions with MOSERS. It’s an important decision that former employees should make carefully. You can point them to our Refund of Employee Contributions page for a review of all the factors that may weigh into their decision.

    MOSERS benefit counselors are always happy to assist current or former members in understanding their benefits and choices through MOSERS. Employees can reach a benefit counselor by calling (800) 827-1063 and selecting option 1.

  • Employer Retirement Contribution Rate Changes

    Jun 15, 2023, 8:44 AM By MOSERS

    The employer retirement contribution rate is calculated by MOSERS’ external actuary and is certified by the MOSERS Board of Trustees every year.  

    As a reminder, the employer retirement contribution rates for MSEP, MSEP 2000, and MSEP 2011, as well as for the Judicial Plan and Judicial Plan 2011, are changing effective July 1, 2023. 

    The changes to the employer retirement contribution rates for the respective plans, effective July 1, 2023, are as follows: 

    Fiscal YearEffective Date MSEP, MSEP 2000, MSEP 2011Judicial Plan, Judicial Plan 2011
    FY 2407/01/202327.26%59.83%
    FY2307/01/202226.33%60.17%

    There are no changes to the employer contribution rates for CURP, basic life insurance, and long-term disability benefits.    

    If you are a local employer, please take note and adjust retirement contributions, effective July 1, 2023, as needed. 

    If you are a SAM II employer, contributions occur automatically as a percentage of payroll, and no additional action is required of you. 

    For more information about Employer Contributions, please visit our website.   

  • Employer Retirement Contribution Rates

    Jun 15, 2022, 10:16 AM By MOSERS

    The employer retirement contribution rate is calculated by MOSERS’ external actuary and is certified by the MOSERS Board of Trustees every year. As a reminder, the employer retirement contribution rates for MSEP, MSEP 2000, and MSEP 2011, as well as for the Judicial Plan and Judicial Plan 2011, are changing effective July 1, 2022.

    The changes to the employer retirement contribution rates for the respective plans, effective July 1, 2022, are as follows:

    Fiscal Year Effective DateMSEP, MSEP 2000, MSEP 2011Judicial Plan, Judicial Plan 2011
    FY2307/01/202226.33%60.17%
    FY2207/01/202123.51%61.94%

    There are no changes to the employer contribution rates for CURP, basic life insurance, and long-term disability benefits.   

    If you are a Non-SAM II employer, please take note and adjust retirement contributions, effective July 1, 2022, as needed.

    If you are a SAM II employer, contributions occur automatically as a percentage of payroll, and no additional action is required of you.

    For more information about Employer Contributions, please visit our website.  

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